Weir Group PLC (WEIR) Stock Rating Reaffirmed by Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Weir Group PLC (LON:WEIR) in a research report sent to investors on Monday, StockTargetPrices.com reports. They currently have a GBX 2,300 ($30.25) price target on the stock.
Several other equities analysts have also recently issued reports on the company. BNP Paribas reiterated an outperform rating and set a GBX 2,300 ($30.25) target price on shares of Weir Group PLC in a research report on Tuesday, July 18th. J P Morgan Chase & Co reiterated an overweight rating on shares of Weir Group PLC in a research report on Monday, July 24th. Deutsche Bank AG reiterated a buy rating and set a GBX 2,220 ($29.20) target price on shares of Weir Group PLC in a research report on Thursday, October 12th. Credit Suisse Group reiterated an outperform rating and set a GBX 2,200 ($28.94) target price on shares of Weir Group PLC in a research report on Wednesday, July 19th. Finally, Canaccord Genuity upgraded Weir Group PLC to a buy rating and set a GBX 2,000 ($26.31) target price on the stock in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Weir Group PLC has a consensus rating of Buy and a consensus target price of GBX 2,065.63 ($27.17).
Weir Group PLC (WEIR) opened at GBX 1,981 ($26.06) on Monday. Weir Group PLC has a 52-week low of GBX 1,514.98 ($19.93) and a 52-week high of GBX 2,154 ($28.33).
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In related news, insider Christopher Morgan sold 464 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.99), for a total value of £8,463.36 ($11,131.61). Also, insider Barbara Jeremiah bought 250 shares of Weir Group PLC stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average cost of GBX 2,016 ($26.52) per share, for a total transaction of £5,040 ($6,628.96).
Weir Group PLC Company Profile
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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