Weir Group (LON:WEIR) Price Target Lowered to GBX 950 at Deutsche Bank

Weir Group (LON:WEIR) had its target price decreased by Deutsche Bank from GBX 1,300 ($17.10) to GBX 950 ($12.50) in a report released on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has a buy rating on the stock.

A number of other analysts have also issued reports on WEIR. Morgan Stanley lowered Weir Group to an equal weight rating and reduced their target price for the company from GBX 1,610 ($21.18) to GBX 1,350 ($17.76) in a report on Monday, March 16th. Shore Capital reiterated a sell rating on shares of Weir Group in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on Weir Group from GBX 1,300 ($17.10) to GBX 1,400 ($18.42) and gave the company a neutral rating in a research report on Thursday, February 27th. BNP Paribas raised Weir Group to an outperform rating in a research report on Thursday, November 28th. Finally, Citigroup reissued a buy rating on shares of Weir Group in a research note on Monday, March 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,455.50 ($19.15).

LON WEIR opened at GBX 740 ($9.73) on Monday. Weir Group has a twelve month low of GBX 608.60 ($8.01) and a twelve month high of GBX 1,814.50 ($23.87). The company has a debt-to-equity ratio of 94.51, a quick ratio of 0.72 and a current ratio of 1.26. The stock has a market cap of $1.92 billion and a price-to-earnings ratio of -5.05. The firm’s 50 day moving average price is GBX 1,191.42 and its two-hundred day moving average price is GBX 1,378.76.

The business also recently declared a dividend, which will be paid on Friday, June 5th. Stockholders of record on Thursday, April 23rd will be paid a GBX 30.45 ($0.40) dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This is an increase from Weir Group’s previous dividend of $16.50. This represents a dividend yield of 2.19%. Weir Group’s dividend payout ratio is -0.42%.

In other news, insider Barbara Jeremiah acquired 2,000 shares of Weir Group stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of GBX 1,300 ($17.10) per share, with a total value of £26,000 ($34,201.53).

Weir Group Company Profile

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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Analyst Recommendations for Weir Group (LON:WEIR)

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