Numis Securities Reaffirms “Hold” Rating for Weir Group (WEIR)

Weir Group (LON:WEIR)‘s stock had its “hold” rating reissued by research analysts at Numis Securities in a research note issued on Tuesday. They currently have a GBX 2,025 ($27.25) price objective on the stock. Numis Securities’ target price would indicate a potential upside of 3.42% from the company’s current price.

Several other brokerages also recently weighed in on WEIR. Peel Hunt lifted their price target on Weir Group from GBX 2,100 ($28.26) to GBX 2,300 ($30.96) and gave the company a “buy” rating in a research report on Tuesday, October 31st. Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Monday. Deutsche Bank reiterated a “buy” rating and set a GBX 2,220 ($29.88) price target on shares of Weir Group in a research report on Monday. Credit Suisse Group reiterated an “outperform” rating on shares of Weir Group in a research report on Friday, October 13th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 2,200 ($29.61) price target on shares of Weir Group in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 2,088.75 ($28.11).

Shares of Weir Group (LON WEIR) opened at GBX 1,958 ($26.35) on Tuesday. Weir Group has a 1-year low of GBX 1,696 ($22.83) and a 1-year high of GBX 2,154 ($28.99).

In other Weir Group news, 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 ($24.55), for a total value of £8,463.36 ($11,390.79). Also, insider Barbara Jeremiah purchased 250 shares of Weir Group stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of GBX 2,016 ($27.13) per share, with a total value of £5,040 ($6,783.31).

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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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