Several other equities analysts have also recently weighed in on the company. Morgan Stanley upgraded Weir Group to an overweight rating and cut their price target for the company from GBX 2,240 ($29.27) to GBX 2,120 ($27.70) in a report on Thursday, September 20th. Barclays restated an overweight rating and set a GBX 2,500 ($32.67) price target (down previously from GBX 2,600 ($33.97)) on shares of Weir Group in a report on Thursday, September 6th. JPMorgan Chase & Co. restated an overweight rating on shares of Weir Group in a report on Thursday, August 23rd. HSBC restated a buy rating and set a GBX 2,500 ($32.67) price target on shares of Weir Group in a report on Monday, October 8th. Finally, Jefferies Financial Group reaffirmed a hold rating on shares of Weir Group in a research note on Wednesday, September 5th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 2,201.76 ($28.77).
LON WEIR traded up GBX 11.50 ($0.15) during trading on Tuesday, hitting GBX 1,600 ($20.91). 813,422 shares of the stock traded hands, compared to its average volume of 1,360,000. Weir Group has a 12-month low of GBX 1,696 ($22.16) and a 12-month high of GBX 2,326 ($30.39).
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.
Further Reading: Calculate Your Return on Investment (ROI)
Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.