Weir Group’s (WEIR) “Buy” Rating Reaffirmed at Citigroup
Several other equities analysts also recently weighed in on WEIR. Canaccord Genuity Group increased their target price on Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the stock a buy rating in a research report on Thursday, November 2nd. reiterated a buy rating and set a GBX 2,300 ($30.96) target price on shares of Weir Group in a research report on Friday, September 29th. Credit Suisse Group reiterated an outperform rating and set a GBX 2,200 ($29.61) target price on shares of Weir Group in a research report on Wednesday, August 16th. Barclays reiterated an overweight rating and set a GBX 2,350 ($31.63) target price on shares of Weir Group in a research report on Monday, August 7th. Finally, Deutsche Bank restated a buy rating and issued a GBX 2,220 ($29.88) price objective on shares of Weir Group in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 2,100 ($28.26).
Weir Group (LON:WEIR) opened at GBX 1,983.69 ($26.70) on Monday. Weir Group has a 12-month low of GBX 1,696 ($22.83) and a 12-month high of GBX 2,154 ($28.99).
In related news, insider Barbara Jeremiah bought 250 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of GBX 2,016 ($27.13) per share, for a total transaction of £5,040 ($6,783.31).
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Weir Group Company Profile
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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