Weir Group’s (WEIR) “Buy” Rating Reaffirmed at Goldman Sachs Group

Weir Group (LON:WEIR)‘s stock had its “buy” rating restated by research analysts at Goldman Sachs Group in a research report issued to clients and investors on Monday. They presently have a GBX 2,500 ($33.90) price target on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 16.39% from the stock’s previous close.

Several other analysts also recently weighed in on WEIR. Citigroup reaffirmed a “buy” rating and set a GBX 2,350 ($31.87) target price on shares of Weir Group in a research note on Tuesday, September 26th. reaffirmed a “buy” rating and set a GBX 2,300 ($31.19) target price on shares of Weir Group in a research note on Friday, September 29th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Weir Group in a research note on Friday, October 13th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 2,220 ($30.11) target price on shares of Weir Group in a research note on Thursday, October 12th. Finally, Peel Hunt lifted their target price on Weir Group from GBX 2,100 ($28.48) to GBX 2,300 ($31.19) and gave the company a “buy” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,125 ($28.82).

Shares of Weir Group (LON WEIR) opened at GBX 2,148 ($29.13) on Monday. The firm has a market capitalization of $4,820.00 and a price-to-earnings ratio of 7,160.00. Weir Group has a 12 month low of GBX 1,696 ($23.00) and a 12 month high of GBX 2,326 ($31.54).

In other news, insider Barbara Jeremiah acquired 250 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of GBX 2,016 ($27.34) per share, with a total value of £5,040 ($6,834.83).

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About Weir Group

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.

Analyst Recommendations for Weir Group (LON:WEIR)

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