Weir Group’s (WEIR) “Outperform” Rating Reaffirmed at Royal Bank of Canada
Weir Group (LON:WEIR)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday. They presently have a GBX 2,400 ($32.30) price objective on the stock. Royal Bank of Canada’s target price indicates a potential upside of 15.16% from the stock’s current price.
Other research analysts also recently issued research reports about the company. J P Morgan Chase & Co lowered their target price on Weir Group from GBX 2,260 ($30.42) to GBX 2,185 ($29.41) and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Canaccord Genuity Group increased their target price on Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the company a “buy” rating in a report on Thursday, November 2nd. Citigroup reissued a “buy” rating and issued a GBX 2,530 ($34.05) target price on shares of Weir Group in a report on Monday, December 4th. Deutsche Bank reissued a “buy” rating and issued a GBX 2,220 ($29.88) target price on shares of Weir Group in a report on Thursday, October 12th. Finally, Numis Securities downgraded Weir Group to a “hold” rating and set a GBX 2,025 ($27.25) target price on the stock. in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 2,117.65 ($28.50).
Weir Group (LON:WEIR) opened at GBX 2,084 ($28.05) on Thursday. Weir Group has a 1-year low of GBX 1,696 ($22.83) and a 1-year high of GBX 2,154 ($28.99).
Weir Group Company Profile
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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