Weir Group (LON:WEIR) Stock Rating Reaffirmed by Jefferies Financial Group

Weir Group (LON:WEIR)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently weighed in on WEIR. Liberum Capital reissued a “hold” rating on shares of Weir Group in a research note on Friday, June 26th. Royal Bank of Canada decreased their target price on shares of Weir Group from GBX 1,900 ($23.38) to GBX 1,420 ($17.47) and set a “top pick” rating for the company in a research note on Thursday, March 19th. Shore Capital reaffirmed a “hold” rating on shares of Weir Group in a report on Friday, June 26th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. raised their price target on Weir Group from GBX 900 ($11.08) to GBX 950 ($11.69) and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Eleven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Weir Group currently has an average rating of “Hold” and a consensus target price of GBX 1,228.20 ($15.11).

LON:WEIR opened at GBX 1,063.50 ($13.09) on Monday. Weir Group has a 1-year low of GBX 608.60 ($7.49) and a 1-year high of GBX 1,640 ($20.18). The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 94.51. The firm has a fifty day simple moving average of GBX 1,010.22 and a 200 day simple moving average of GBX 1,146.57. The stock has a market capitalization of $2.80 billion and a PE ratio of -7.37.

In other news, insider Jon Stanton sold 4,864 shares of Weir Group stock in a transaction on Thursday, April 30th. The stock was sold at an average price of GBX 973 ($11.97), for a total transaction of £47,326.72 ($58,241.10).

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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