Weir Group (WEIR) Rating Reiterated by J P Morgan Chase & Co
Weir Group (LON:WEIR)‘s stock had its “overweight” rating restated by equities researchers at J P Morgan Chase & Co in a research report issued to clients and investors on Friday.
Several other equities research analysts also recently commented on WEIR. Canaccord Genuity Group upped their target price on shares of Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the company a “buy” rating in a research note on Thursday, November 2nd. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,220 ($29.88) target price on shares of Weir Group in a research report on Monday, December 4th. reaffirmed a “buy” rating and issued a GBX 2,300 ($30.96) target price on shares of Weir Group in a research report on Friday, September 29th. Numis Securities reaffirmed a “hold” rating and issued a GBX 2,025 ($27.25) target price on shares of Weir Group in a research report on Tuesday, December 5th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 2,350 ($31.63) target price on shares of Weir Group in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Weir Group presently has an average rating of “Buy” and a consensus price target of GBX 2,100 ($28.26).
Shares of Weir Group (WEIR) traded up GBX 26 ($0.35) during trading hours on Friday, reaching GBX 2,030 ($27.32). 992,704 shares of the company’s stock traded hands, compared to its average volume of 1,270,000. Weir Group has a 1 year low of GBX 1,696 ($22.83) and a 1 year high of GBX 2,154 ($28.99).
In other news, insider Barbara Jeremiah purchased 250 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of GBX 2,016 ($27.13) per share, for a total transaction of £5,040 ($6,783.31).
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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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