Shore Capital Reiterates “Hold” Rating for Weir Group (LON:WEIR)
Shore Capital reiterated their hold rating on shares of Weir Group (LON:WEIR) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also issued reports on WEIR. JPMorgan Chase & Co. increased their target price on Weir Group from GBX 900 ($11.08) to GBX 950 ($11.69) and gave the company a neutral rating in a research report on Wednesday, April 22nd. Jefferies Financial Group increased their price objective on Weir Group from GBX 1,000 ($12.31) to GBX 1,060 ($13.04) and gave the company a hold rating in a research note on Monday, May 4th. Deutsche Bank reissued a hold rating on shares of Weir Group in a research note on Monday, April 27th. Barclays reduced their price objective on Weir Group from GBX 1,750 ($21.54) to GBX 1,200 ($14.77) and set an overweight rating for the company in a research note on Thursday, April 30th. Finally, Citigroup reissued a buy rating on shares of Weir Group in a research note on Monday, March 16th. Eleven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Weir Group presently has an average rating of Hold and a consensus price target of GBX 1,218.20 ($14.99).
Shares of LON:WEIR opened at GBX 1,079.50 ($13.28) on Friday. Weir Group has a 1 year low of GBX 608.60 ($7.49) and a 1 year high of GBX 1,640 ($20.18). The firm has a market capitalization of $2.83 billion and a price-to-earnings ratio of -7.44. The company has a debt-to-equity ratio of 94.51, a current ratio of 1.26 and a quick ratio of 0.68. The business’s 50 day moving average price is GBX 1,007.70 and its 200-day moving average price is GBX 1,148.28.
About Weir Group
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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