Credit Suisse Group reissued their outperform rating on shares of Weir Group (LON:WEIR) in a research note released on Wednesday morning.

Several other analysts have also issued reports on WEIR. Deutsche Bank reiterated a buy rating on shares of Weir Group in a report on Tuesday, May 8th. Peel Hunt upped their target price on Weir Group from GBX 2,350 ($30.31) to GBX 2,450 ($31.60) and gave the stock a buy rating in a report on Wednesday, May 9th. Barclays upgraded Weir Group to a top pick rating and set a GBX 2,600 ($33.54) target price on the stock in a report on Tuesday, May 15th. BNP Paribas lowered Weir Group to a neutral rating in a report on Wednesday, May 23rd. Finally, Liberum Capital reiterated a buy rating on shares of Weir Group in a report on Friday, June 8th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of GBX 2,297.63 ($29.64).

Shares of Weir Group stock opened at GBX 1,600 ($20.64) on Wednesday. Weir Group has a one year low of GBX 1,696 ($21.88) and a one year high of GBX 2,326 ($30.01).

Weir Group (LON:WEIR) last issued its quarterly earnings results on Tuesday, July 31st. The company reported GBX 46.30 ($0.60) EPS for the quarter, missing analysts’ consensus estimates of GBX 48.20 ($0.62) by GBX (1.90) (($0.02)). Weir Group had a net margin of 4.24% and a return on equity of 6.86%.

The firm also recently disclosed a dividend, which will be paid on Friday, November 2nd. Shareholders of record on Thursday, October 11th will be paid a GBX 15.75 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, October 11th. This represents a yield of 0.82%.

In other Weir Group news, insider JIm McDonald acquired 500 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were purchased at an average price of GBX 1,979 ($25.53) per share, for a total transaction of £9,895 ($12,764.45).

Weir Group Company Profile

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.

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Analyst Recommendations for Weir Group (LON:WEIR)

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