Deutsche Bank Lowers Weir Group (LON:WEIR) Price Target to GBX 950
Weir Group (LON:WEIR) had its price objective decreased by Deutsche Bank from GBX 1,300 ($17.10) to GBX 950 ($12.50) in a research note released on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has a buy rating on the stock.
Several other analysts have also recently commented on WEIR. Liberum Capital reissued a hold rating on shares of Weir Group in a report on Wednesday, February 26th. Peel Hunt reissued a hold rating on shares of Weir Group in a report on Monday, March 9th. JPMorgan Chase & Co. raised their price target on Weir Group from GBX 1,300 ($17.10) to GBX 1,400 ($18.42) and gave the company a neutral rating in a report on Thursday, February 27th. Credit Suisse Group reduced their price target on Weir Group from GBX 1,550 ($20.39) to GBX 1,500 ($19.73) and set a neutral rating for the company in a report on Friday, February 28th. Finally, Barclays reissued an overweight rating on shares of Weir Group in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 1,455.50 ($19.15).
WEIR opened at GBX 736.80 ($9.69) on Monday. The company has a debt-to-equity ratio of 94.51, a current ratio of 1.26 and a quick ratio of 0.72. The business has a 50 day simple moving average of GBX 1,178.43 and a 200-day simple moving average of GBX 1,375.13. The stock has a market capitalization of $1.92 billion and a P/E ratio of -5.03. Weir Group has a 12 month low of GBX 608.60 ($8.01) and a 12 month high of GBX 1,814.50 ($23.87).
In related news, insider Barbara Jeremiah purchased 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of GBX 1,300 ($17.10) per share, with a total value of £26,000 ($34,201.53).
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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