Weir Group (WEIR) Receives “Buy” Rating from Citigroup
Several other equities research analysts have also issued reports on the stock. Royal Bank of Canada reiterated an outperform rating and issued a GBX 2,400 ($33.16) price target on shares of Weir Group in a research note on Thursday, December 21st. Peel Hunt lifted their price target on shares of Weir Group from GBX 2,100 ($29.01) to GBX 2,300 ($31.78) and gave the company a buy rating in a research note on Tuesday, October 31st. Barclays reissued an overweight rating and issued a GBX 2,350 ($32.47) price objective on shares of Weir Group in a research report on Monday, December 18th. JPMorgan Chase & Co. reissued an overweight rating on shares of Weir Group in a research report on Friday, December 8th. Finally, Numis Securities reissued a hold rating and issued a GBX 2,025 ($27.98) price objective on shares of Weir Group in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Weir Group has a consensus rating of Buy and an average target price of GBX 2,127.50 ($29.39).
Shares of Weir Group (LON:WEIR) opened at GBX 2,024 ($27.96) on Tuesday. Weir Group has a 52 week low of GBX 1,696 ($23.43) and a 52 week high of GBX 2,326 ($32.14). The stock has a market cap of $4,520.00 and a price-to-earnings ratio of 6,746.67.
About Weir Group
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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