Weir Group (WEIR) Receives New Coverage from Analysts at UBS Group

Share on StockTwits

UBS Group began coverage on shares of Weir Group (LON:WEIR) in a research report sent to investors on Friday, reports. The firm issued a buy rating and a GBX 2,400 ($30.96) price target on the stock.

A number of other equities analysts have also recently issued reports on WEIR. Citigroup cut their target price on Weir Group from GBX 2,600 ($33.54) to GBX 2,500 ($32.25) and set a buy rating on the stock in a report on Friday. Credit Suisse Group restated an outperform rating on shares of Weir Group in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on Weir Group from GBX 2,200 ($28.38) to GBX 2,060 ($26.57) and set an overweight rating on the stock in a research note on Friday. BNP Paribas restated a neutral rating and set a GBX 2,300 ($29.67) price objective on shares of Weir Group in a research note on Monday, June 11th. Finally, Deutsche Bank restated a buy rating on shares of Weir Group in a research note on Friday. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 2,297.63 ($29.64).

Shares of WEIR traded down GBX 32 ($0.41) during trading hours on Friday, reaching GBX 1,600 ($20.64). The stock had a trading volume of 4,504,637 shares, compared to its average volume of 1,360,000. Weir Group has a 12 month low of GBX 1,696 ($21.88) and a 12 month high of GBX 2,326 ($30.01).

Weir Group (LON:WEIR) last issued its earnings results on Tuesday, July 31st. The company reported GBX 46.30 ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 48.20 ($0.62) by GBX (1.90) (($0.02)). Weir Group had a return on equity of 6.86% and a net margin of 4.24%.

The firm also recently announced a dividend, which will be paid on Friday, November 2nd. Stockholders of record on Thursday, October 11th will be given a dividend of GBX 15.75 ($0.20) per share. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, October 11th.

In other Weir Group news, insider JIm McDonald bought 500 shares of the firm’s stock in a transaction dated Friday, June 22nd. The stock was purchased at an average cost of GBX 1,979 ($25.53) per share, with a total value of £9,895 ($12,764.45).

Weir Group Company Profile

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.

Further Reading: Fundamental Analysis and Choosing Stocks

Analyst Recommendations for Weir Group (LON:WEIR)

Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with's FREE daily email newsletter.

Leave a Reply