Weir Group (LON:WEIR) Given New GBX 1,500 Price Target at Credit Suisse Group
Weir Group (LON:WEIR) had its price target decreased by Credit Suisse Group from GBX 1,550 ($20.39) to GBX 1,500 ($19.73) in a research note issued to investors on Friday morning, Stock Target Advisor reports. Credit Suisse Group currently has a neutral rating on the stock.
Several other brokerages have also recently commented on WEIR. Deutsche Bank reduced their price objective on shares of Weir Group from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) and set a buy rating for the company in a research note on Thursday. Citigroup raised their price objective on shares of Weir Group from GBX 1,650 ($21.70) to GBX 1,700 ($22.36) and gave the company a buy rating in a research note on Wednesday, January 29th. Goldman Sachs Group raised their price objective on shares of Weir Group from GBX 1,450 ($19.07) to GBX 1,500 ($19.73) and gave the company a neutral rating in a research note on Monday, January 13th. Jefferies Financial Group reduced their price objective on shares of Weir Group from GBX 1,450 ($19.07) to GBX 1,380 ($18.15) and set a hold rating for the company in a research note on Tuesday. Finally, UBS Group reiterated a neutral rating on shares of Weir Group in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 1,596.75 ($21.00).
Shares of WEIR stock traded down GBX 59.50 ($0.78) during mid-day trading on Friday, hitting GBX 1,305.50 ($17.17). The stock had a trading volume of 2,343,257 shares, compared to its average volume of 1,360,000. Weir Group has a fifty-two week low of GBX 1,249 ($16.43) and a fifty-two week high of GBX 1,814.50 ($23.87). The firm has a market cap of $3.39 billion and a PE ratio of 870.33. The company has a debt-to-equity ratio of 95.77, a current ratio of 2.00 and a quick ratio of 1.19. The company’s 50-day simple moving average is GBX 1,391.25 and its 200-day simple moving average is GBX 1,419.09.
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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