Weir Group PLC’s (WEIR) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their buy rating on shares of Weir Group PLC (LON:WEIR) in a report published on Friday morning. Peel Hunt currently has a GBX 2,100 ($27.12) price objective on the stock.

Other research analysts have also recently issued research reports about the company. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 2,175 ($28.09) price target on shares of Weir Group PLC in a research report on Tuesday, July 18th. Numis Securities Ltd raised Weir Group PLC to an add rating and set a GBX 2,050 ($26.48) price target on the stock in a research report on Monday, July 17th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 2,200 ($28.41) price target on shares of Weir Group PLC in a research report on Wednesday, August 16th. Citigroup Inc. reaffirmed a buy rating and set a GBX 2,395 ($30.93) price target on shares of Weir Group PLC in a research report on Monday, June 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a GBX 2,400 ($31.00) price target on shares of Weir Group PLC in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 2,019.41 ($26.08).

Weir Group PLC (WEIR) traded down 3.01% during midday trading on Friday, hitting GBX 1741.00. The stock had a trading volume of 1,404,092 shares. Weir Group PLC has a 52 week low of GBX 1,505.00 and a 52 week high of GBX 2,096.00. The company has a 50-day moving average price of GBX 1,789.51 and a 200-day moving average price of GBX 1,855.63. The stock’s market cap is GBX 3.79 billion.

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The business also recently disclosed a dividend, which will be paid on Friday, November 3rd. Investors of record on Thursday, September 21st will be issued a dividend of GBX 15 ($0.19) per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 0.8%.

In other Weir Group PLC news, insider Christopher Morgan sold 464 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.56), for a total value of £8,463.36 ($10,930.34).

Weir Group PLC Company Profile

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.

Analyst Recommendations for Weir Group PLC (LON:WEIR)

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