Weir Group (LON:WEIR)‘s stock had its “hold” rating reissued by equities research analysts at Numis Securities in a research report issued to clients and investors on Monday. They presently have a GBX 1,450 ($18.95) target price on the stock. Numis Securities’ price objective suggests a potential upside of 0.14% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Peel Hunt decreased their target price on shares of Weir Group from GBX 2,450 ($32.01) to GBX 1,800 ($23.52) and set a “buy” rating on the stock in a report on Monday. Liberum Capital reiterated a “buy” rating on shares of Weir Group in a report on Tuesday, January 15th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,940 ($25.35) price objective (down from GBX 2,000 ($26.13)) on shares of Weir Group in a report on Wednesday, November 7th. Deutsche Bank decreased their price objective on shares of Weir Group from GBX 2,360 ($30.84) to GBX 1,815 ($23.72) and set a “buy” rating on the stock in a report on Wednesday, November 7th. Finally, Citigroup decreased their price objective on shares of Weir Group from GBX 2,675 ($34.95) to GBX 2,500 ($32.67) and set a “buy” rating on the stock in a report on Friday, October 26th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Weir Group currently has a consensus rating of “Buy” and an average price target of GBX 1,945 ($25.41).
LON:WEIR traded up GBX 2.50 ($0.03) on Monday, hitting GBX 1,448 ($18.92). The stock had a trading volume of 1,126,458 shares, compared to its average volume of 1,360,000. Weir Group has a 1-year low of GBX 1,696 ($22.16) and a 1-year high of GBX 2,326 ($30.39).
About Weir Group
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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