Weir Group (LON:WEIR) had its target price reduced by Liberum Capital from GBX 2,400 ($31.36) to GBX 1,800 ($23.52) in a research note issued to investors on Tuesday. Liberum Capital currently has a buy rating on the stock.
A number of other research firms have also issued reports on WEIR. JPMorgan Chase & Co. decreased their target price on Weir Group from GBX 2,200 ($28.75) to GBX 2,060 ($26.92) and set an overweight rating for the company in a report on Friday, September 7th. UBS Group reaffirmed a buy rating and set a GBX 2,400 ($31.36) price target (down from GBX 2,500 ($32.67)) on shares of Weir Group in a report on Friday, August 3rd. Credit Suisse Group decreased their price target on Weir Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set an outperform rating for the company in a report on Tuesday, October 30th. HSBC reaffirmed a buy rating and set a GBX 2,500 ($32.67) price target on shares of Weir Group in a report on Monday, October 8th. Finally, Citigroup decreased their price target on Weir Group from GBX 2,600 ($33.97) to GBX 2,500 ($32.67) and set a buy rating for the company in a report on Friday, September 7th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 2,154.71 ($28.16).
LON:WEIR opened at GBX 1,550.50 ($20.26) on Tuesday. Weir Group 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.
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