Peel Hunt Increases Weir Group PLC (WEIR) Price Target to GBX 2,300
Weir Group PLC (LON:WEIR) had its target price raised by Peel Hunt from GBX 2,100 ($27.71) to GBX 2,300 ($30.35) in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 9.73% from the stock’s current price.
Several other research firms have also recently weighed in on WEIR. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,200 ($29.03) price objective on shares of Weir Group PLC in a research report on Wednesday, July 19th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,220 ($29.30) price objective on shares of Weir Group PLC in a research report on Monday, August 7th. BNP Paribas reiterated an “outperform” rating and set a GBX 2,300 ($30.35) price objective on shares of Weir Group PLC in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 2,400 ($31.67) price objective on shares of Weir Group PLC in a research report on Thursday, July 20th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 2,175 ($28.70) price objective on shares of Weir Group PLC in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,028.53 ($26.77).
Weir Group PLC (WEIR) opened at 2096.00 on Tuesday. Weir Group PLC has a 12 month low of GBX 1,514.98 and a 12 month high of GBX 2,154.00. The company’s 50-day moving average is GBX 1,950.69 and its 200-day moving average is GBX 1,870.35. The company’s market cap is GBX 4.57 billion.
In related news, insider Christopher Morgan sold 464 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($24.07), for a total value of £8,463.36 ($11,168.33).
About Weir Group PLC
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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