Weir Group (LON:WEIR)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse Group in a research note issued on Tuesday. They presently have a GBX 2,200 ($30.40) target price on the stock. Credit Suisse Group’s price target indicates a potential upside of 8.75% from the company’s current price.
WEIR has been the subject of a number of other reports. Deutsche Bank reaffirmed a “buy” rating and set a GBX 2,220 ($30.67) price target on shares of Weir Group in a research note on Monday, December 4th. Goldman Sachs Group reaffirmed a “buy” rating and set a GBX 2,500 ($34.54) price target on shares of Weir Group in a research note on Monday, January 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 2,200 ($30.40) price target on shares of Weir Group in a research note on Monday, November 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,185 ($30.19) price target on shares of Weir Group in a research note on Friday, January 12th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 2,025 ($27.98) price target on shares of Weir Group in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Weir Group presently has an average rating of “Buy” and an average target price of GBX 2,127.50 ($29.39).
Weir Group (WEIR) traded up GBX 2 ($0.03) during mid-day trading on Tuesday, hitting GBX 2,023 ($27.95). 990,902 shares of the company were exchanged, compared to its average volume of 1,010,000. Weir Group has a 52-week low of GBX 1,696 ($23.43) and a 52-week high of GBX 2,326 ($32.14). The stock has a market cap of $4,550.00 and a PE ratio of 6,743.33.
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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