Weir Group PLC (WEIR) Given Consensus Rating of “Buy” by Brokerages
Shares of Weir Group PLC (LON:WEIR) have been given a consensus recommendation of “Buy” by the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 2,125 ($29.80).
Several research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,400 ($33.65) price objective on shares of Weir Group in a research note on Thursday, December 21st. Canaccord Genuity reiterated a “buy” rating and set a GBX 2,200 ($30.85) price objective on shares of Weir Group in a research note on Monday, November 20th. Deutsche Bank restated a “buy” rating and set a GBX 2,220 ($31.13) price target on shares of Weir Group in a research note on Wednesday, November 1st. Numis Securities lowered shares of Weir Group to a “hold” rating and set a GBX 2,025 ($28.39) price target on the stock. in a research note on Wednesday, November 1st. Finally, Goldman Sachs Group restated a “buy” rating and set a GBX 2,500 ($35.05) price target on shares of Weir Group in a research note on Monday, January 22nd.
Weir Group (LON WEIR) traded down GBX 24 ($0.34) during midday trading on Tuesday, hitting GBX 1,972.50 ($27.66). 1,527,980 shares of the company traded hands, compared to its average volume of 931,437. The company has a market cap of $4,420.00 and a price-to-earnings ratio of 6,575.00. Weir Group has a 1 year low of GBX 1,696 ($23.78) and a 1 year high of GBX 2,326 ($32.61).
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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