Weir Group’s (WEIR) Buy Rating Reiterated at Citigroup
Other equities research analysts have also issued research reports about the company. Deutsche Bank restated a buy rating and set a GBX 2,220 ($29.88) price objective on shares of Weir Group in a research report on Monday, August 7th. reiterated a buy rating and issued a GBX 2,300 ($30.96) price target on shares of Weir Group in a research report on Friday, September 29th. Peel Hunt reiterated a buy rating and issued a GBX 2,100 ($28.26) price target on shares of Weir Group in a research report on Friday, September 15th. Canaccord Genuity upgraded Weir Group to a buy rating and set a GBX 2,000 ($26.92) price target on the stock in a research report on Tuesday, September 5th. Finally, Canaccord Genuity Group increased their price objective on Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the stock a buy rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 2,100 ($28.26).
Shares of Weir Group (LON:WEIR) opened at GBX 1,981 ($26.66) on Monday. Weir Group has a 52-week low of GBX 1,696 ($22.83) and a 52-week high of GBX 2,154 ($28.99).
In other Weir Group news, insider Barbara Jeremiah bought 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 ($27.13) per share, with a total value 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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