Goldman Sachs Group Reiterates “Buy” Rating for Weir Group (WEIR)
Goldman Sachs Group reiterated their buy rating on shares of Weir Group (LON:WEIR) in a research note released on Monday. The brokerage currently has a GBX 2,500 ($33.90) price objective on the stock.
WEIR has been the subject of a number of other reports. Citigroup reissued a buy rating and issued a GBX 2,350 ($31.87) price target on shares of Weir Group in a research report on Tuesday, September 26th. Deutsche Bank restated a buy rating and issued a GBX 2,220 ($30.11) price objective on shares of Weir Group in a research note on Monday, December 4th. Canaccord Genuity restated a buy rating and issued a GBX 2,200 ($29.83) price objective on shares of Weir Group in a research note on Monday, November 20th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 2,185 ($29.63) price objective on shares of Weir Group in a research note on Friday, January 12th. Finally, Credit Suisse Group restated an outperform rating on shares of Weir Group in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Weir Group has an average rating of Buy and an average price target of GBX 2,125 ($28.82).
Weir Group (LON:WEIR) traded up GBX 53 ($0.72) during midday trading on Monday, reaching GBX 2,213 ($30.01). The company had a trading volume of 1,732,442 shares, compared to its average volume of 743,040. The stock has a market cap of $4,960.00 and a price-to-earnings ratio of 7,376.67. Weir Group has a twelve month low of GBX 1,696 ($23.00) and a twelve month high of GBX 2,326 ($31.54).
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About Weir Group
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.
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