Weir Group PLC (WEIR) Receives GBX 2,314.23 Average Price Target from Brokerages
Weir Group PLC (LON:WEIR) has been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 2,325.71 ($30.96).
Several equities analysts have recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and set a GBX 2,200 ($29.29) target price on shares of Weir Group in a research note on Tuesday, April 17th. Deutsche Bank reiterated a “buy” rating and set a GBX 2,360 ($31.42) target price on shares of Weir Group in a research note on Thursday, March 1st. Jefferies Financial Group upgraded Weir Group to a “hold” rating and increased their target price for the company from GBX 930 ($12.38) to GBX 2,270 ($30.22) in a research note on Thursday, February 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 2,185 ($29.09) target price on shares of Weir Group in a research note on Thursday, February 22nd. Finally, Liberum Capital reiterated a “buy” rating on shares of Weir Group in a research note on Friday, April 20th.
In related news, insider Clare Chapman bought 456 shares of the company’s stock in a transaction on Friday, May 4th. The shares were purchased at an average cost of GBX 2,180 ($29.02) per share, with a total value of £9,940.80 ($13,234.99). Also, insider Christopher Morgan sold 2,091 shares of the stock in a transaction on Monday, April 23rd. The stock was sold at an average price of GBX 2,262 ($30.12), for a total value of £47,298.42 ($62,972.20).
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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