Weir Group (LON:WEIR) had its price target reduced by Peel Hunt from GBX 2,450 ($32.01) to GBX 1,800 ($23.52) in a research report report published on Monday morning. They currently have a buy rating on the stock.
Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group cut Weir Group to a neutral rating and lowered their target price for the company from GBX 2,500 ($32.67) to GBX 1,750 ($22.87) in a research note on Wednesday, December 19th. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 1,900 ($24.83) target price (down previously from GBX 2,250 ($29.40)) on shares of Weir Group in a research note on Tuesday, November 20th. Barclays reduced their price target on Weir Group from GBX 2,250 ($29.40) to GBX 1,900 ($24.83) and set an overweight rating for the company in a report on Friday, December 7th. JPMorgan Chase & Co. reduced their price target on Weir Group from GBX 2,060 ($26.92) to GBX 2,000 ($26.13) and set an overweight rating for the company in a report on Thursday, November 1st. Finally, HSBC reduced their price target on Weir Group from GBX 2,500 ($32.67) to GBX 2,000 ($26.13) and set a buy rating for the company in a report on Monday, January 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 1,945 ($25.41).
LON:WEIR opened at GBX 1,532.50 ($20.02) on Monday. Weir Group has a fifty-two week low of GBX 1,696 ($22.16) and a fifty-two week high of GBX 2,326 ($30.39).
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.
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