Weir Group (LON:WEIR) Given Overweight Rating at Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Weir Group (LON:WEIR) in a research report report published on Thursday, Stock Target Advisor reports.

A number of other research analysts have also commented on WEIR. Bank of America restated a buy rating and set a GBX 1,900 ($24.83) price target on shares of Weir Group in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on Weir Group from GBX 1,500 ($19.60) to GBX 1,380 ($18.03) and set a neutral rating on the stock in a research report on Tuesday, October 22nd. Barclays reissued an overweight rating and set a GBX 1,850 ($24.17) price objective on shares of Weir Group in a research note on Friday, November 1st. HSBC dropped their price objective on Weir Group from GBX 1,820 ($23.78) to GBX 1,750 ($22.87) and set a buy rating for the company in a research note on Friday, November 8th. Finally, UBS Group restated a neutral rating on shares of Weir Group in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Weir Group has an average rating of Buy and an average price target of GBX 1,617.24 ($21.13).

LON WEIR opened at GBX 1,437.50 ($18.78) on Thursday. Weir Group has a 1 year low of GBX 1,222.50 ($15.97) and a 1 year high of GBX 1,814.50 ($23.71). The company has a debt-to-equity ratio of 86.36, a current ratio of 2.00 and a quick ratio of 1.19. The stock has a market capitalization of $3.73 billion and a PE ratio of 958.33. The company’s 50 day simple moving average is GBX 1,407.83 and its two-hundred day simple moving average is GBX 1,446.93.

Weir Group Company Profile

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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