Weir Group (WEIR) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Weir Group (LON: WEIR):

  • 11/8/2018 – Weir Group had its price target lowered by analysts at Canaccord Genuity from GBX 2,500 ($32.67) to GBX 2,000 ($26.13). They now have a “buy” rating on the stock.
  • 11/7/2018 – Weir Group had its price target lowered by analysts at Barclays PLC from GBX 2,400 ($31.36) to GBX 2,250 ($29.40). They now have an “overweight” rating on the stock.
  • 11/7/2018 – Weir Group had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 1,940 ($25.35) price target on the stock, down previously from GBX 2,000 ($26.13).
  • 11/7/2018 – Weir Group had its price target lowered by analysts at Deutsche Bank AG from GBX 2,360 ($30.84) to GBX 1,815 ($23.72). They now have a “buy” rating on the stock.
  • 11/6/2018 – Weir Group had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 11/6/2018 – Weir Group had its price target lowered by analysts at Liberum Capital from GBX 2,400 ($31.36) to GBX 1,800 ($23.52). They now have a “buy” rating on the stock.
  • 11/2/2018 – Weir Group had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 2,250 ($29.40) price target on the stock, down previously from GBX 2,400 ($31.36).
  • 11/1/2018 – Weir Group had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 2,060 ($26.92) to GBX 2,000 ($26.13). They now have an “overweight” rating on the stock.
  • 10/30/2018 – Weir Group had its price target lowered by analysts at Credit Suisse Group AG from GBX 2,100 ($27.44) to GBX 1,900 ($24.83). They now have an “outperform” rating on the stock.
  • 10/30/2018 – Weir Group had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 2,450 ($32.01) price target on the stock.
  • 10/26/2018 – Weir Group had its price target lowered by analysts at Citigroup Inc from GBX 2,675 ($34.95) to GBX 2,500 ($32.67). They now have a “buy” rating on the stock.
  • 10/16/2018 – Weir Group had its price target lowered by analysts at Barclays PLC from GBX 2,500 ($32.67) to GBX 2,400 ($31.36). They now have an “overweight” rating on the stock.
  • 10/15/2018 – Weir Group had its “top pick” rating reaffirmed by analysts at Royal Bank of Canada.
  • 10/8/2018 – Weir Group had its “buy” rating reaffirmed by analysts at HSBC Holdings plc. They now have a GBX 2,500 ($32.67) price target on the stock.
  • 10/3/2018 – Weir Group had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 9/24/2018 – Weir Group had its price target lowered by analysts at Royal Bank of Canada from GBX 2,600 ($33.97) to GBX 2,250 ($29.40). They now have a “top pick” rating on the stock.
  • 9/20/2018 – Weir Group was upgraded by analysts at Morgan Stanley to an “overweight” rating. They now have a GBX 2,120 ($27.70) price target on the stock, down previously from GBX 2,240 ($29.27).

WEIR stock traded down GBX 13.50 ($0.18) during mid-day trading on Thursday, hitting GBX 1,586.50 ($20.73). The company had a trading volume of 1,157,405 shares, compared to its average volume of 1,360,000. Weir Group PLC has a 12-month low of GBX 1,696 ($22.16) and a 12-month high of GBX 2,326 ($30.39).

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.

See Also: Price to Earnings Ratio (PE) Basics

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