Weir Group PLC (WEIR) Downgraded to “Hold” at Numis Securities Ltd

Numis Securities Ltd downgraded shares of Weir Group PLC (LON:WEIR) to a hold rating in a research report report published on Wednesday morning. Numis Securities Ltd currently has GBX 2,025 ($26.72) price target on the stock.

WEIR has been the subject of a number of other research reports. Citigroup Inc. reissued a buy rating and set a GBX 2,350 ($31.01) target price on shares of Weir Group PLC in a report on Tuesday, September 26th. Barclays PLC reissued an overweight rating and set a GBX 2,350 ($31.01) target price on shares of Weir Group PLC in a report on Thursday, August 17th. Peel Hunt upgraded Weir Group PLC to a buy rating and raised their price target for the stock from GBX 2,000 ($26.39) to GBX 2,100 ($27.71) in a research report on Friday, August 25th. Deutsche Bank AG restated a buy rating on shares of Weir Group PLC in a research report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 2,400 ($31.67) price target on shares of Weir Group PLC in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 2,065.63 ($27.26).

Shares of Weir Group PLC (LON:WEIR) opened at GBX 2,044.82 ($26.98) on Wednesday. Weir Group PLC has a twelve month low of GBX 1,514.98 ($19.99) and a twelve month high of GBX 2,154 ($28.42).

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In other news, insider Christopher Morgan sold 464 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.07), for a total transaction of £8,463.36 ($11,168.33).

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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