Weir Group (WEIR) Earns Overweight Rating from Barclays

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Weir Group (LON:WEIR)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price target on Weir Group from GBX 1,940 ($25.35) to GBX 1,800 ($23.52) and set an “overweight” rating on the stock in a report on Thursday, May 9th. Liberum Capital restated a “buy” rating on shares of Weir Group in a report on Thursday, March 21st. Peel Hunt boosted their price target on Weir Group from GBX 1,800 ($23.52) to GBX 1,875 ($24.50) and gave the stock a “buy” rating in a report on Thursday, April 25th. Canaccord Genuity reduced their price target on Weir Group from GBX 1,850 ($24.17) to GBX 1,800 ($23.52) and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Numis Securities restated a “hold” rating and set a GBX 1,450 ($18.95) price target on shares of Weir Group in a report on Monday, February 11th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Weir Group currently has a consensus rating of “Buy” and a consensus price target of GBX 1,874.38 ($24.49).

LON:WEIR opened at GBX 1,568.50 ($20.50) on Tuesday. The stock has a market cap of $4.07 billion and a PE ratio of 211.96. The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 65.31. Weir Group has a 1-year low of GBX 1,222.50 ($15.97) and a 1-year high of GBX 2,333 ($30.48).

In related news, insider Graham Vanhegan sold 2,085 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of GBX 1,690 ($22.08), for a total value of £35,236.50 ($46,042.73).

About Weir Group

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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