Weir Group PLC (WEIR) Given Outperform Rating at Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of Weir Group PLC (LON:WEIR) in a research report sent to investors on Wednesday. The brokerage currently has a GBX 2,200 ($29.03) price objective on the stock.

Several other research firms have also weighed in on WEIR. Peel Hunt upped their target price on shares of Weir Group PLC from GBX 2,100 ($27.71) to GBX 2,300 ($30.35) and gave the stock a buy rating in a report on Tuesday, October 31st. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 2,220 ($29.30) target price on shares of Weir Group PLC in a report on Thursday, October 12th. Numis Securities Ltd raised shares of Weir Group PLC to an add rating and set a GBX 2,050 ($27.05) target price on the stock in a report on Monday, July 17th. BNP Paribas reaffirmed an outperform rating and issued a GBX 2,300 ($30.35) target price on shares of Weir Group PLC in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 2,175 ($28.70) target price on shares of Weir Group PLC in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Weir Group PLC has a consensus rating of Buy and a consensus price target of GBX 2,065.63 ($27.26).

Shares of Weir Group PLC (LON WEIR) opened at GBX 2,044.82 ($26.98) on Wednesday. Weir Group PLC has a fifty-two week low of GBX 1,514.98 ($19.99) and a fifty-two week high of GBX 2,154 ($28.42).

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In other Weir Group PLC news, insider Christopher Morgan sold 464 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were 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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