Weir Group PLC (LON:WEIR) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,185 ($29.22) and last traded at GBX 2,167.47 ($28.98), with a volume of 466637 shares changing hands. The stock had previously closed at GBX 2,167.47 ($28.98).

WEIR has been the subject of a number of research reports. Deutsche Bank reissued a “buy” rating and issued a GBX 2,220 ($29.68) price target on shares of Weir Group in a report on Thursday, October 12th. Peel Hunt increased their price target on shares of Weir Group from GBX 2,100 ($28.08) to GBX 2,300 ($30.75) and gave the company a “buy” rating in a report on Tuesday, October 31st. Credit Suisse Group reissued an “outperform” rating on shares of Weir Group in a report on Friday, October 13th. Canaccord Genuity raised shares of Weir Group to a “buy” rating and set a GBX 2,000 ($26.74) price target for the company in a report on Tuesday, September 5th. Finally, Numis Securities downgraded shares of Weir Group to a “hold” rating and set a GBX 2,025 ($27.08) price target for the company. in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,117.65 ($28.31).

The firm has a market capitalization of $4,860.00 and a price-to-earnings ratio of 7,263.33.

In other Weir Group news, insider Barbara Jeremiah acquired 250 shares of Weir Group stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of GBX 2,016 ($26.96) per share, with a total value of £5,040 ($6,738.87).

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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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