Weir Group (WEIR) Stock Rating Reaffirmed by Peel Hunt
Weir Group (LON:WEIR)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued on Thursday, September 6th. They currently have a GBX 2,450 ($31.91) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 48.31% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Liberum Capital reissued a “buy” rating on shares of Weir Group in a report on Tuesday, July 31st. HSBC increased their price target on shares of Weir Group from GBX 2,300 ($29.96) to GBX 2,700 ($35.17) and gave the company a “buy” rating in a report on Wednesday, July 11th. UBS Group raised shares of Weir Group to a “buy” rating and raised their target price for the stock from GBX 2,170 ($28.27) to GBX 2,500 ($32.56) in a report on Monday, July 9th. Deutsche Bank reaffirmed a “buy” rating on shares of Weir Group in a report on Tuesday, May 15th. Finally, Citigroup raised their target price on shares of Weir Group from GBX 2,500 ($32.56) to GBX 2,675 ($34.84) and gave the stock a “buy” rating in a report on Monday, June 11th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Weir Group presently has a consensus rating of “Buy” and a consensus price target of GBX 2,297.63 ($29.93).
LON WEIR traded up GBX 64 ($0.83) on Thursday, reaching GBX 1,652 ($21.52). The company had a trading volume of 2,659,674 shares, compared to its average volume of 1,360,000. Weir Group has a 1-year low of GBX 1,696 ($22.09) and a 1-year high of GBX 2,326 ($30.30).
In other Weir Group news, insider JIm McDonald acquired 500 shares of Weir Group stock in a transaction dated Friday, June 22nd. The stock was purchased at an average cost of GBX 1,979 ($25.78) per share, for a total transaction of £9,895 ($12,889.15).
Weir Group Company Profile
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.
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