Weir Group PLC’s (WEIR) “Outperform” Rating Reiterated at Credit Suisse Group
Credit Suisse Group restated their outperform rating on shares of Weir Group PLC (LON:WEIR) in a research note released on Wednesday. They currently have a GBX 2,200 ($29.03) price target on the stock.
Other equities analysts have also recently issued research reports about the stock. Numis Securities Ltd raised shares of Weir Group PLC to an add rating and set a GBX 2,050 ($27.05) price target on the stock in a research report on Monday, July 17th. Deutsche Bank AG reissued a buy rating and issued a GBX 2,220 ($29.30) target price on shares of Weir Group PLC in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 2,400 ($31.67) target price on shares of Weir Group PLC in a report on Friday, July 14th. Peel Hunt raised shares of Weir Group PLC to a buy rating and raised their target price for the stock from GBX 2,000 ($26.39) to GBX 2,100 ($27.71) in a report on Friday, August 25th. Finally, Canaccord Genuity raised shares of Weir Group PLC to a buy rating and set a GBX 2,000 ($26.39) target price on the stock in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Weir Group PLC currently has a consensus rating of Buy and an average price target of GBX 2,065.63 ($27.26).
Shares of Weir Group PLC (WEIR) traded up GBX 60 ($0.79) during trading hours on Wednesday, hitting GBX 2,045 ($26.99). 1,866,608 shares of the company were exchanged.
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In other Weir Group PLC news, insider Christopher Morgan sold 464 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($24.07), for a total value of £8,463.36 ($11,168.33).
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.
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