Weir Group PLC (LON:WEIR) had its price objective cut by J P Morgan Chase & Co from GBX 2,260 ($29.82) to GBX 2,185 ($28.83) in a report published on Wednesday. They currently have an overweight rating on the stock.
Several other research analysts have also weighed in on WEIR. Peel Hunt upped their price objective on shares of Weir Group PLC from GBX 2,100 ($27.71) to GBX 2,300 ($30.35) and gave the company a buy rating in a research note on Tuesday, October 31st. Deutsche Bank AG reiterated a buy rating and issued a GBX 2,220 ($29.30) price objective on shares of Weir Group PLC in a research note on Thursday, October 12th. Credit Suisse Group reiterated an outperform rating on shares of Weir Group PLC in a research note on Friday, October 13th. HSBC Holdings plc reiterated a buy rating and issued a GBX 2,300 ($30.35) price objective on shares of Weir Group PLC in a research note on Friday, September 29th. Finally, Citigroup Inc. reiterated a buy rating and issued a GBX 2,350 ($31.01) price objective on shares of Weir Group PLC in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 2,065.63 ($27.26).
Shares of Weir Group PLC (WEIR) opened at GBX 2,044.82 ($26.98) on Wednesday. Weir Group PLC has a 1-year low of GBX 1,514.98 ($19.99) and a 1-year high of GBX 2,154 ($28.42).
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In other news, insider Christopher Morgan sold 464 shares of the stock in a transaction on 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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