Peel Hunt Reiterates Buy Rating for Weir Group (LON:WEIR)

Weir Group (LON:WEIR)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a report released on Monday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also commented on WEIR. Morgan Stanley increased their price target on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Deutsche Bank restated a “buy” rating and set a $18.00 target price on shares of STMicroelectronics in a research report on Monday, April 15th. Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Citigroup raised their target price on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Canaccord Genuity lowered shares of Cronos Group from a “hold” rating to a “sell” rating and set a C$17.00 target price on the stock. in a research report on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 1,844.67 ($24.10).

Shares of LON:WEIR opened at GBX 1,519 ($19.85) on Monday. The company has a 50 day moving average price of GBX 1,506.57. The firm has a market capitalization of $3.94 billion and a PE ratio of 205.27. Weir Group has a fifty-two week low of GBX 1,222.50 ($15.97) and a fifty-two week high of GBX 2,032 ($26.55). The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 65.31.

In related news, insider Graham Vanhegan sold 2,085 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of GBX 1,690 ($22.08), for a total value of £35,236.50 ($46,042.73).

About Weir Group

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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