Weir Group (WEIR) Stock Rating Reaffirmed by Deutsche Bank

Weir Group (LON:WEIR)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a research report issued on Monday. They currently have a GBX 2,220 ($29.73) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 11.00% from the stock’s previous close.

A number of other research firms have also recently weighed in on WEIR. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Monday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,300 ($30.80) price objective on shares of Weir Group in a report on Monday, November 6th. Canaccord Genuity lifted their price objective on shares of Weir Group from GBX 2,000 ($26.78) to GBX 2,200 ($29.46) and gave the company a “buy” rating in a report on Thursday, November 2nd. reaffirmed a “buy” rating and issued a GBX 2,300 ($30.80) price objective on shares of Weir Group in a report on Friday, September 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,200 ($29.46) price objective on shares of Weir Group in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 2,088.75 ($27.97).

Shares of Weir Group (LON WEIR) opened at GBX 1,986 ($26.60) on Monday. Weir Group has a 12-month low of GBX 1,696 ($22.71) and a 12-month high of GBX 2,154 ($28.85).

In other Weir Group news, insider Barbara Jeremiah purchased 250 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of GBX 2,016 ($27.00) per share, for a total transaction of £5,040 ($6,749.70). Also, insider Christopher Morgan sold 464 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.43), for a total transaction of £8,463.36 ($11,334.35).

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Weir Group 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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