Weir Group PLC (WEIR) Rating Reiterated by Peel Hunt
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a report released on Friday. They presently have a GBX 2,100 ($27.12) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 20.62% from the company’s current price.
WEIR has been the topic of a number of other reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Weir Group PLC in a research report on Monday, July 10th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,350 ($30.35) target price on shares of Weir Group PLC in a research report on Monday, August 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Weir Group PLC in a research report on Monday, July 24th. Canaccord Genuity raised Weir Group PLC to a “buy” rating and set a GBX 2,000 ($25.83) target price on the stock in a research report on Tuesday, September 5th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 2,400 ($31.00) target price on shares of Weir Group PLC in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,019.41 ($26.08).
Weir Group PLC (LON:WEIR) opened at 1741.00 on Friday. Weir Group PLC has a 12 month low of GBX 1,505.00 and a 12 month high of GBX 2,096.00. The stock’s market capitalization is GBX 3.79 billion. The stock’s 50 day moving average is GBX 1,789.51 and its 200-day moving average is GBX 1,855.63.
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In related news, insider Christopher Morgan sold 464 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.56), for a total transaction of £8,463.36 ($10,930.34).
About Weir Group PLC
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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