Weir Group Receives Buy Rating from UBS AG (WEIR)
Weir Group (LON: WEIR)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG in a note issued to investors on Monday. They currently have a $34.75 (2300 GBX) target price on the stock.
Weir Group traded up 0.23% on Monday, hitting GBX 2161.00. Weir Group has a 52-week low of GBX 1352.00 and a 52-week high of GBX 2243.00. The stock’s 50-day moving average is currently GBX 1763.. The company’s market cap is £4.554 billion.
A number of other firms have also recently commented on WEIR. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Weir Group in a research note to investors on Monday. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Weir Group in a research note to investors on Monday. They now have a $27.65 price target on the stock. Finally, analysts at JPMorgan Chase upgraded shares of Weir Group from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. They now have a $22.86 price target on the stock, down previously from $28.73.
The Weir Group PLC operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment designs and manufactures pumps, hydrocyclones, valves and other complementary equipment for the mining, flue gas desulphurisation and oil sands markets.
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