Weir Group (LON:WEIR)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse Group in a research note issued on Tuesday. They presently have a GBX 2,200 ($30.40) price objective on the stock. Credit Suisse Group’s target price points to a potential upside of 8.86% from the company’s previous close.
Several other equities analysts also recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,400 ($33.16) price target on shares of Weir Group in a report on Thursday, December 21st. Peel Hunt increased their price target on shares of Weir Group from GBX 2,100 ($29.01) to GBX 2,300 ($31.78) and gave the stock a “buy” rating in a report on Tuesday, October 31st. Barclays reiterated an “overweight” rating and issued a GBX 2,350 ($32.47) price target on shares of Weir Group in a report on Monday, December 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Weir Group in a report on Friday, December 8th. Finally, Numis Securities restated a “hold” rating and issued a GBX 2,025 ($27.98) price objective on shares of Weir Group in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 2,127.50 ($29.39).
Shares of Weir Group (LON:WEIR) remained flat at $GBX 2,021 ($27.92) during trading hours on Tuesday. The company had a trading volume of 990,902 shares, compared to its average volume of 1,010,000. Weir Group has a fifty-two week low of GBX 1,696 ($23.43) and a fifty-two week high of GBX 2,326 ($32.14). The company has a market cap of $4,530.00 and a price-to-earnings ratio of 6,736.67.
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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