Weir Group (LON:WEIR) Coverage Initiated at Shore Capital

Equities researchers at Shore Capital began coverage on shares of Weir Group (LON:WEIR) in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage set a “sell” rating on the stock.

Several other research analysts have also commented on the stock. Liberum Capital restated a “hold” rating and issued a GBX 1,450 ($18.95) price objective on shares of Weir Group in a report on Friday, September 6th. Peel Hunt lowered shares of Weir Group to a “hold” rating and decreased their price objective for the stock from GBX 1,875 ($24.50) to GBX 1,585 ($20.71) in a report on Tuesday, September 24th. Morgan Stanley upped their price objective on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Credit Suisse Group restated an “outperform” rating on shares of Weir Group in a report on Thursday, October 17th. Finally, Barclays restated an “overweight” rating and issued a GBX 1,850 ($24.17) price objective on shares of Weir Group in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,715.67 ($22.42).

Shares of LON WEIR opened at GBX 1,350.50 ($17.65) 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. Weir Group has a 12 month low of GBX 1,222.50 ($15.97) and a 12 month high of GBX 1,814.50 ($23.71). The firm has a market capitalization of $3.52 billion and a PE ratio of 900.33. The firm has a fifty day simple moving average of GBX 1,430.30 and a two-hundred day simple moving average of GBX 1,508.05.

About Weir Group

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.

Featured Story: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Analyst Recommendations for Weir Group (LON:WEIR)

Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.