JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Weir Group (LON:WEIR) in a research report released on Wednesday. JPMorgan Chase & Co. currently has a GBX 1,940 ($25.35) target price on the stock, down from their prior target price of GBX 2,000 ($26.13).
WEIR has been the subject of several other reports. Royal Bank of Canada restated a top pick rating on shares of Weir Group in a research report on Monday, October 15th. UBS Group restated a buy rating and set a GBX 2,250 ($29.40) price objective (down from GBX 2,400 ($31.36)) on shares of Weir Group in a research report on Friday, November 2nd. Credit Suisse Group cut their price objective on shares of Weir Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set an outperform rating for the company in a research report on Tuesday, October 30th. Peel Hunt restated a buy rating and set a GBX 2,450 ($32.01) price objective on shares of Weir Group in a research report on Thursday, September 6th. Finally, HSBC restated a buy rating and set a GBX 2,500 ($32.67) price objective on shares of Weir Group in a research report on Monday, October 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 2,154.71 ($28.16).
Weir Group stock traded down GBX 13.50 ($0.18) during midday trading on Wednesday, hitting GBX 1,586.50 ($20.73). 1,157,405 shares of the stock were exchanged, compared to its average volume of 1,360,000. Weir Group has a fifty-two week low of GBX 1,696 ($22.16) and a fifty-two week 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.
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