A number of other equities research analysts also recently issued reports on the company. Morgan Stanley upgraded Weir Group to an overweight rating and cut their price target for the company from GBX 2,240 ($29.27) to GBX 2,120 ($27.70) in a research note on Thursday, September 20th. Barclays restated an overweight rating and set a GBX 2,500 ($32.67) price target (down from GBX 2,600 ($33.97)) on shares of Weir Group in a research note on Thursday, September 6th. JPMorgan Chase & Co. restated an overweight rating on shares of Weir Group in a research note on Thursday, August 23rd. HSBC restated a buy rating and set a GBX 2,500 ($32.67) price target on shares of Weir Group in a research note on Monday, October 8th. Finally, Jefferies Financial Group restated a hold rating on shares of Weir Group in a research note on Wednesday, September 5th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Weir Group presently has a consensus rating of Buy and a consensus price target of GBX 2,154.71 ($28.16).
Weir Group stock opened at GBX 1,550.50 ($20.26) on Tuesday. Weir Group has a 52-week low of GBX 1,696 ($22.16) and a 52-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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