Weir Group (WEIR) Stock Rating Reaffirmed by Numis Securities
Weir Group (LON:WEIR)‘s stock had its “hold” rating restated by Numis Securities in a report released on Tuesday. They presently have a GBX 2,025 ($27.25) price objective on the stock. Numis Securities’ price target would indicate a potential upside of 2.22% from the company’s current price.
A number of other analysts also recently weighed in on the stock. Deutsche Bank reissued a “buy” rating and set a GBX 2,220 ($29.88) price target on shares of Weir Group in a research report on Thursday, October 12th. Peel Hunt raised their price target on shares of Weir Group from GBX 2,100 ($28.26) to GBX 2,300 ($30.96) and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Credit Suisse Group reissued an “outperform” rating on shares of Weir Group in a research report on Friday, October 13th. Canaccord Genuity raised shares of Weir Group to a “buy” rating and set a GBX 2,000 ($26.92) price target for the company in a research report on Tuesday, September 5th. Finally, J P Morgan Chase & Co decreased their price target on shares of Weir Group from GBX 2,260 ($30.42) to GBX 2,185 ($29.41) and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 2,100 ($28.26).
Shares of Weir Group (LON WEIR) opened at GBX 1,981 ($26.66) on Tuesday. Weir Group has a 1 year low of GBX 1,696 ($22.83) and a 1 year high of GBX 2,154 ($28.99).
In other Weir Group news, insider Barbara Jeremiah acquired 250 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of GBX 2,016 ($27.13) per share, with a total value of £5,040 ($6,783.31).
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About Weir Group
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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