Weir Group (LON:WEIR) had its price objective trimmed by Goldman Sachs Group from GBX 1,550 ($20.25) to GBX 1,450 ($18.95) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley upped their target price on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the company an overweight rating in a research note on Wednesday, September 4th. Shore Capital upped their target price on shares of Weir Group from GBX 1,171 ($15.30) to GBX 1,268 ($16.57) and gave the company a sell rating in a research note on Tuesday, November 5th. Bank of America restated a buy rating and set a GBX 1,900 ($24.83) target price on shares of Weir Group in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Weir Group from GBX 1,500 ($19.60) to GBX 1,380 ($18.03) and set a neutral rating on the stock in a research note on Tuesday, October 22nd. Finally, Liberum Capital reiterated a hold rating on shares of Weir Group in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 1,617.24 ($21.13).

WEIR opened at GBX 1,502.50 ($19.63) on Wednesday. The company has a debt-to-equity ratio of 86.36, a quick ratio of 1.19 and a current ratio of 2.00. The stock has a market capitalization of $3.87 billion and a P/E ratio of 1,001.67. The company’s 50-day simple moving average is GBX 1,397.33 and its two-hundred day simple moving average is GBX 1,484.54. Weir Group has a 52-week low of GBX 1,222.50 ($15.97) and a 52-week high of GBX 1,814.50 ($23.71).

Weir Group Company Profile

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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