Weir Group (WEIR) PT Lowered to GBX 2,500
Weir Group (LON:WEIR) had its price target trimmed by Citigroup from GBX 2,570 ($35.51) to GBX 2,500 ($34.54) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the stock.
Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Weir Group from GBX 2,260 ($31.22) to GBX 2,185 ($30.19) and set an overweight rating on the stock in a research report on Wednesday, November 1st. Canaccord Genuity Group upped their target price on shares of Weir Group from GBX 2,000 ($27.63) to GBX 2,200 ($30.40) and gave the company a buy rating in a research report on Thursday, November 2nd. Peel Hunt restated a buy rating and set a GBX 2,300 ($31.78) target price on shares of Weir Group in a research report on Monday, November 6th. Numis Securities downgraded shares of Weir Group to a hold rating and set a GBX 2,025 ($27.98) target price on the stock. in a research report on Wednesday, November 1st. Finally, Credit Suisse Group restated an outperform rating and set a GBX 2,200 ($30.40) target price on shares of Weir Group in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 2,249.69 ($31.08).
Weir Group (LON:WEIR) opened at GBX 1,929 ($26.65) on Thursday. 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 stock has a market cap of $4,260.00 and a PE ratio of 3,111.29.
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.
Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.