Weir Group’s (WEIR) Hold Rating Reaffirmed at Jefferies Financial Group
Weir Group (LON:WEIR)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a research report issued on Monday, ThisIsMoney.Co.Uk reports.
WEIR has been the topic of several other reports. Credit Suisse Group reduced their price target on Weir Group from GBX 1,500 ($18.46) to GBX 1,150 ($14.15) and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley lowered Weir Group to an “equal weight” rating and reduced their price target for the stock from GBX 1,610 ($19.81) to GBX 1,350 ($16.61) in a research report on Monday, March 16th. JPMorgan Chase & Co. raised their price target on Weir Group from GBX 900 ($11.08) to GBX 950 ($11.69) and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Barclays reduced their price target on Weir Group from GBX 1,750 ($21.54) to GBX 1,200 ($14.77) and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Deutsche Bank restated a “hold” rating on shares of Weir Group in a research report on Monday, April 27th. Eleven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 1,228.20 ($15.11).
Shares of Weir Group stock opened at GBX 1,063.50 ($13.09) on Monday. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 94.51. The firm has a market capitalization of $2.80 billion and a PE ratio of -7.37. The business’s 50-day moving average price is GBX 1,010.22 and its 200-day moving average price is GBX 1,146.57. Weir Group has a 12 month low of GBX 608.60 ($7.49) and a 12 month high of GBX 1,640 ($20.18).
Weir Group Company Profile
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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