Weir Group (WEIR) Given New GBX 1,800 Price Target at Canaccord Genuity
Weir Group (LON:WEIR) had its target price trimmed by Canaccord Genuity from GBX 1,850 ($24.17) to GBX 1,800 ($23.52) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on WEIR. Liberum Capital reiterated a buy rating on shares of Weir Group in a research note on Thursday, March 21st. Barclays dropped their price target on shares of Weir Group from GBX 2,250 ($29.40) to GBX 1,900 ($24.83) and set an overweight rating on the stock in a research note on Friday, December 7th. Morgan Stanley dropped their price target on shares of Weir Group from GBX 2,000 ($26.13) to GBX 1,930 ($25.22) and set an overweight rating on the stock in a research note on Wednesday, December 5th. Numis Securities reiterated a hold rating and issued a GBX 1,450 ($18.95) price target on shares of Weir Group in a research note on Monday, February 11th. Finally, Peel Hunt reiterated a buy rating on shares of Weir Group in a research note on Monday, February 25th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Weir Group presently has a consensus rating of Buy and an average target price of GBX 1,912.81 ($24.99).
LON:WEIR opened at GBX 1,523 ($19.90) on Wednesday. The stock has a market capitalization of $3.95 billion and a PE ratio of 205.81. The company has a current ratio of 1.30, a quick ratio of 0.58 and a debt-to-equity ratio of 65.31. Weir Group has a 1-year low of GBX 1,222.50 ($15.97) and a 1-year high of GBX 2,333 ($30.48).
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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