Canaccord Genuity Reiterates “Buy” Rating for Weir Group PLC (WEIR)
Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a GBX 2,200 ($28.94) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 7.49% from the company’s previous close.
A number of other research firms have also commented on WEIR. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,220 ($29.20) target price on shares of Weir Group PLC in a report on Monday, August 7th. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,300 ($30.25) target price on shares of Weir Group PLC in a report on Monday, November 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,200 ($28.94) target price on shares of Weir Group PLC in a report on Wednesday, August 16th. reaffirmed a “buy” rating and set a GBX 2,300 ($30.25) target price on shares of Weir Group PLC in a report on Friday, September 29th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,350 ($30.91) target price on shares of Weir Group PLC in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,088.75 ($27.47).
Shares of Weir Group PLC (LON:WEIR) opened at GBX 2,046.66 ($26.92) on Monday. Weir Group PLC has a fifty-two week low of GBX 1,696 ($22.31) and a fifty-two week high of GBX 2,154 ($28.33).
In related news, insider Barbara Jeremiah acquired 250 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of GBX 2,016 ($26.52) per share, with a total value of £5,040 ($6,628.96). Also, insider Christopher Morgan sold 464 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($23.99), for a total transaction of £8,463.36 ($11,131.61).
Weir Group PLC Company Profile
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
Receive News & Ratings for Weir Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.