Weir Group’s (WEIR) Hold Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their hold rating on shares of Weir Group (LON:WEIR) in a report released on Thursday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently commented on the stock. Goldman Sachs Group upped their price target on shares of Weir Group from GBX 1,450 ($19.07) to GBX 1,500 ($19.73) and gave the company a neutral rating in a research report on Monday, January 13th. Jefferies Financial Group upped their price target on shares of 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. Royal Bank of Canada upped their price target on shares of Weir Group from GBX 1,800 ($23.68) to GBX 1,900 ($24.99) and gave the company a top pick rating in a research report on Friday, January 17th. Morgan Stanley reaffirmed an overweight rating on shares of Weir Group in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Weir Group from GBX 1,500 ($19.73) to GBX 1,380 ($18.15) and set a neutral rating on the stock in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 1,605.76 ($21.12).

LON WEIR traded down GBX 7 ($0.09) on Thursday, reaching GBX 1,380.50 ($18.16). The company had a trading volume of 569,250 shares, compared to its average volume of 1,360,000. The firm has a market cap of $3.58 billion and a price-to-earnings ratio of 920.33. Weir Group has a fifty-two week low of GBX 1,249 ($16.43) and a fifty-two week high of GBX 1,814.50 ($23.87). The business has a 50 day moving average of GBX 1,438.99 and a two-hundred day moving average of GBX 1,428.70. The company has a debt-to-equity ratio of 86.36, a current ratio of 2.00 and a quick ratio of 1.19.

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.

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Analyst Recommendations for Weir Group (LON:WEIR)

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