Weir Group PLC (WEIR) Downgraded by Numis Securities Ltd to Hold

Numis Securities Ltd cut shares of Weir Group PLC (LON:WEIR) to a hold rating in a research report sent to investors on Wednesday morning. They currently have GBX 2,025 ($26.72) price objective on the stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank AG reiterated a buy rating and issued a GBX 2,220 ($29.30) price target on shares of Weir Group PLC in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 2,400 ($31.67) target price on shares of Weir Group PLC in a report on Friday, July 14th. Peel Hunt raised shares of Weir Group PLC to a buy rating and raised their target price for the stock from GBX 2,000 ($26.39) to GBX 2,100 ($27.71) in a report on Friday, August 25th. Canaccord Genuity raised shares of Weir Group PLC to a buy rating and set a GBX 2,000 ($26.39) target price on the stock in a report on Tuesday, September 5th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 2,350 ($31.01) target price on shares of Weir Group PLC in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 2,039.41 ($26.91).

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In related news, insider Christopher Morgan sold 464 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.07), for a total transaction of £8,463.36 ($11,168.33).

Weir Group PLC 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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