Weir Group (WEIR) PT Lowered to GBX 1,815
Weir Group (LON:WEIR) had its price target decreased by Deutsche Bank from GBX 2,360 ($30.84) to GBX 1,815 ($23.72) in a report published on Wednesday. Deutsche Bank currently has a buy rating on the stock.
A number of other analysts have also weighed in on the company. UBS Group reiterated a buy rating and issued a GBX 2,250 ($29.40) target price (down previously from GBX 2,400 ($31.36)) on shares of Weir Group in a research note on Friday, November 2nd. Peel Hunt reiterated a buy rating on shares of Weir Group in a research note on Tuesday. Liberum Capital reduced their target price on Weir Group from GBX 2,400 ($31.36) to GBX 1,800 ($23.52) and set a buy rating on the stock in a research note on Tuesday. Citigroup reduced their target price on Weir Group from GBX 2,675 ($34.95) to GBX 2,500 ($32.67) and set a buy rating on the stock in a research note on Friday, October 26th. Finally, JPMorgan Chase & Co. reduced their target price on Weir Group from GBX 2,200 ($28.75) to GBX 2,060 ($26.92) and set an overweight rating on the stock in a research note on Friday, September 7th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 2,154.71 ($28.16).
WEIR traded down GBX 36 ($0.47) during trading on Wednesday, reaching GBX 1,550.50 ($20.26). The company had a trading volume of 2,285,314 shares, compared to its average volume of 1,360,000. Weir Group has a 52 week low of GBX 1,696 ($22.16) and a 52 week high of GBX 2,326 ($30.39).
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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