Shares of Weir Group PLC (LON:WEIR) have been assigned an average recommendation of “Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 2,125 ($29.80).
A number of brokerages have recently commented on WEIR. Citigroup reaffirmed a “buy” rating and issued a GBX 2,530 ($35.47) price target on shares of Weir Group in a research note on Monday, December 4th. Barclays reaffirmed an “overweight” rating and issued a GBX 2,350 ($32.95) price target on shares of Weir Group in a research note on Tuesday, December 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,300 ($32.25) price target on shares of Weir Group in a research note on Monday, November 6th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Weir Group in a research note on Friday, December 8th. Finally, Canaccord Genuity upped their price target on Weir Group from GBX 2,000 ($28.04) to GBX 2,200 ($30.85) and gave the company a “buy” rating in a research note on Thursday, November 2nd.
Shares of Weir Group (LON WEIR) opened at GBX 2,036 ($28.55) on Tuesday. Weir Group has a 12-month low of GBX 1,696 ($23.78) and a 12-month high of GBX 2,326 ($32.61). The firm has a market capitalization of $4,690.00 and a PE ratio of 6,786.67.
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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