Weir Group PLC (WEIR) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Weir Group PLC (LON:WEIR) have been given an average recommendation of “Buy” by the sixteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 2,237.81 ($30.92).
WEIR has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,400 ($33.16) target price on shares of Weir Group in a research report on Thursday, December 21st. Deutsche Bank reissued a “buy” rating and issued a GBX 2,360 ($32.61) target price on shares of Weir Group in a research report on Thursday. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,200 ($30.40) target price on shares of Weir Group in a research report on Monday, November 20th. Citigroup reduced their target price on shares of Weir Group from GBX 2,570 ($35.51) to GBX 2,500 ($34.54) and set a “buy” rating for the company in a research report on Thursday. Finally, Credit Suisse Group reissued a “neutral” rating and issued a GBX 2,200 ($30.40) target price on shares of Weir Group in a research report on Monday, February 26th.
Weir Group (LON:WEIR) opened at GBX 1,899.50 ($26.24) on Friday. Weir Group has a 52-week low of GBX 1,696 ($23.43) and a 52-week high of GBX 2,326 ($32.14). The company has a market cap of $4,260.00 and a price-to-earnings ratio of 3,063.71.
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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