Weir Group (WEIR) Given “Hold” Rating at Numis Securities
Weir Group (LON:WEIR)‘s stock had its “hold” rating reiterated by research analysts at Numis Securities in a note issued to investors on Tuesday. They presently have a GBX 2,025 ($27.25) target price on the stock. Numis Securities’ price objective points to a potential upside of 3.11% from the company’s previous close.
WEIR has been the subject of several other reports. Credit Suisse Group restated an “outperform” rating on shares of Weir Group in a research note on Friday, October 13th. Barclays restated an “overweight” rating and issued a GBX 2,350 ($31.63) price target on shares of Weir Group in a research note on Monday, August 7th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,200 ($29.61) price target on shares of Weir Group in a research note on Monday, November 20th. Deutsche Bank restated a “buy” rating and issued a GBX 2,220 ($29.88) price target on shares of Weir Group in a research note on Wednesday, November 1st. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 2,350 ($31.63) price objective on shares of Weir Group in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,088.75 ($28.11).
Weir Group (LON WEIR) traded down GBX 7 ($0.09) on Tuesday, reaching GBX 1,964 ($26.43). The company had a trading volume of 884,453 shares, compared to its average volume of 1,350,000. Weir Group has a twelve month low of GBX 1,696 ($22.83) and a twelve month high of GBX 2,154 ($28.99).
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Weir Group Company Profile
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
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