Shares of Weir Group PLC (LON:WEIR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,326 ($31.54) and last traded at GBX 2,290 ($31.06), with a volume of 689807 shares traded. The stock had previously closed at GBX 2,290 ($31.06).

A number of analysts have recently issued reports on WEIR shares. Deutsche Bank reissued a “buy” rating and issued a GBX 2,220 ($30.11) price objective on shares of Weir Group in a research note on Thursday, October 12th. reissued a “buy” rating and issued a GBX 2,300 ($31.19) price objective on shares of Weir Group in a research note on Friday, September 29th. Citigroup reissued a “buy” rating and issued a GBX 2,350 ($31.87) price objective on shares of Weir Group in a research note on Tuesday, September 26th. Peel Hunt reissued a “buy” rating and issued a GBX 2,100 ($28.48) price objective on shares of Weir Group in a research note on Friday, September 15th. Finally, Canaccord Genuity Group increased their price objective on shares of Weir Group from GBX 2,000 ($27.12) to GBX 2,200 ($29.83) and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Weir Group presently has a consensus rating of “Buy” and a consensus target price of GBX 2,117.65 ($28.72).

The firm has a market cap of $5,130.00 and a PE ratio of 7,633.33.

In other Weir Group news, insider Barbara Jeremiah acquired 250 shares of the stock in a transaction on Tuesday, November 7th. The stock was acquired at an average price of GBX 2,016 ($27.34) per share, for a total transaction of £5,040 ($6,834.83).

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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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