Insider Buying: Weir Group PLC (WEIR) Insider Purchases 250 Shares of Stock
Weir Group PLC (LON:WEIR) insider Barbara Jeremiah acquired 250 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of GBX 2,016 ($26.52) per share, for a total transaction of £5,040 ($6,628.96).
Weir Group PLC (LON WEIR) traded down GBX 28 ($0.37) during mid-day trading on Thursday, hitting GBX 1,987 ($26.13). The stock had a trading volume of 601,612 shares, compared to its average volume of 1,410,000. Weir Group PLC has a 1 year low of GBX 1,514.98 ($19.93) and a 1 year high of GBX 2,154 ($28.33).
Several equities research analysts recently weighed in on WEIR shares. Citigroup Inc. reissued a “buy” rating and set a GBX 2,350 ($30.91) price objective on shares of Weir Group PLC in a report on Tuesday, September 26th. Peel Hunt raised Weir Group PLC to a “buy” rating and raised their price objective for the company from GBX 2,000 ($26.31) to GBX 2,100 ($27.62) in a report on Friday, August 25th. Barclays PLC reissued an “overweight” rating and set a GBX 2,350 ($30.91) price objective on shares of Weir Group PLC in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 2,400 ($31.57) price objective on shares of Weir Group PLC in a report on Thursday, July 20th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Weir Group PLC in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 2,065.63 ($27.17).
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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