Barclays Reaffirms “Overweight” Rating for Weir Group (LON:WEIR)

Barclays reissued their overweight rating on shares of Weir Group (LON:WEIR) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

WEIR has been the topic of several other reports. UBS Group reiterated a neutral rating on shares of Weir Group in a research report on Wednesday, November 6th. HSBC reduced their price objective on Weir Group from GBX 1,820 ($23.94) to GBX 1,750 ($23.02) and set a buy rating on the stock in a research report on Friday, November 8th. Shore Capital increased their price objective on Weir Group from GBX 1,171 ($15.40) to GBX 1,268 ($16.68) and gave the company a sell rating in a research report on Tuesday, November 5th. Jefferies Financial Group increased their price objective on Weir Group from GBX 1,395 ($18.35) to GBX 1,450 ($19.07) and gave the company a hold rating in a research report on Friday, January 24th. Finally, Credit Suisse Group lowered Weir Group to a neutral rating and reduced their price objective for the company from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 1,605.76 ($21.12).

Shares of Weir Group stock opened at GBX 1,380.50 ($18.16) on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.19 and a debt-to-equity ratio of 86.36. The firm has a market capitalization of $3.58 billion and a PE ratio of 920.33. The business’s 50-day moving average price is GBX 1,438.99 and its 200-day moving average price is GBX 1,428.70. Weir Group has a 12 month low of GBX 1,249 ($16.43) and a 12 month high of GBX 1,814.50 ($23.87).

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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