Barclays Boosts The Weir Group PLC (WEIR.L) (LON:WEIR) Price Target to GBX 2,350
The Weir Group PLC (WEIR.L) (LON:WEIR) had its target price raised by Barclays from GBX 2,000 ($26.13) to GBX 2,350 ($30.70) in a research report report published on Wednesday, AnalystRatings.net reports. Barclays currently has an overweight rating on the stock.
WEIR has been the subject of several other reports. Peel Hunt reaffirmed a hold rating and set a GBX 860 ($11.24) price objective on shares of The Weir Group PLC (WEIR.L) in a research report on Tuesday, November 3rd. Peel Hunt restated a hold rating and issued a GBX 860 ($11.24) price target on shares of The Weir Group PLC (WEIR.L) in a research note on Tuesday, November 3rd. Finally, Shore Capital reaffirmed a buy rating on shares of The Weir Group PLC (WEIR.L) in a research report on Tuesday, December 1st. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 1,215.33 ($15.88).
LON WEIR opened at GBX 2,002 ($26.16) on Wednesday. The Weir Group PLC has a 52 week low of GBX 608.60 ($7.95) and a 52 week high of GBX 2,130 ($27.83). The firm has a 50 day moving average of GBX 1,901.76 and a two-hundred day moving average of GBX 1,482.21. The company has a quick ratio of 1.13, a current ratio of 2.06 and a debt-to-equity ratio of 94.71. The stock has a market capitalization of £5.20 billion and a PE ratio of -13.42.
The Weir Group PLC (WEIR.L) Company Profile
The Weir Group PLC produces and sells highly-engineered equipment worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.
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