Numis Securities reiterated their hold rating on shares of Weir Group (LON:WEIR) in a report published on Wednesday morning. Numis Securities currently has a GBX 2,025 ($27.98) target price on the stock.
A number of other analysts have also commented on WEIR. Peel Hunt lifted their price target on Weir Group from GBX 2,100 ($29.01) to GBX 2,300 ($31.78) and gave the company a buy rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. cut their price target on Weir Group from GBX 2,260 ($31.22) to GBX 2,185 ($30.19) and set an overweight rating on the stock in a research note on Wednesday, November 1st. Deutsche Bank reaffirmed a buy rating and issued a GBX 2,220 ($30.67) price objective on shares of Weir Group in a research note on Wednesday, November 1st. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 2,200 ($30.40) price objective on shares of Weir Group in a research note on Wednesday, November 1st. Finally, Canaccord Genuity lifted their price objective on Weir Group from GBX 2,000 ($27.63) to GBX 2,200 ($30.40) and gave the stock a buy rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Weir Group presently has a consensus rating of Buy and an average target price of GBX 2,127.50 ($29.39).
Shares of Weir Group (LON WEIR) opened at GBX 2,060 ($28.46) on Wednesday. Weir Group has a 12 month low of GBX 1,696 ($23.43) and a 12 month high of GBX 2,326 ($32.14). The company has a market capitalization of $4,620.00 and a PE ratio of 6,866.67.
About Weir Group
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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