Morgan Stanley Lowers Weir Group (LON:WEIR) Price Target to GBX 1,880
Weir Group (LON:WEIR) had its price objective reduced by investment analysts at Morgan Stanley from GBX 1,940 ($25.35) to GBX 1,880 ($24.57) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 24.09% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada set a €475.00 ($552.33) target price on Rational and gave the stock a “sell” rating in a research report on Monday, May 20th. Barclays set a $164.00 price objective on Jazz Pharmaceuticals and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Canaccord Genuity downgraded Cronos Group from a “hold” rating to a “sell” rating and set a C$17.00 price objective on the stock. in a research report on Wednesday, March 27th. UBS Group reiterated a “buy” rating and issued a GBX 285 ($3.72) price objective on shares of in a research report on Friday, June 21st. Finally, Credit Suisse Group initiated coverage on Yunji in a research report on Wednesday, July 3rd. They issued an “outperform” rating and a $14.50 price objective on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,844.67 ($24.10).
LON:WEIR opened at GBX 1,515 ($19.80) on Thursday. The stock has a market capitalization of $3.93 billion and a P/E ratio of 204.73. The stock’s fifty day moving average is GBX 1,508.13. Weir Group has a 1 year low of GBX 1,222.50 ($15.97) and a 1 year high of GBX 2,032 ($26.55). The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 65.31.
About Weir Group
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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