Weir Group (LON:WEIR) Rating Reiterated by Liberum Capital
Liberum Capital reissued their hold rating on shares of Weir Group (LON:WEIR) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
WEIR has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of Weir Group from GBX 900 ($11.08) to GBX 950 ($11.69) and gave the company a neutral rating in a report on Wednesday, April 22nd. Barclays dropped their target price on shares of Weir Group from GBX 1,750 ($21.54) to GBX 1,200 ($14.77) and set an overweight rating on the stock in a report on Thursday, April 30th. Shore Capital reissued a hold rating on shares of Weir Group in a report on Friday. Morgan Stanley cut shares of Weir Group to an equal weight rating and lowered their price target for the company from GBX 1,610 ($19.81) to GBX 1,350 ($16.61) in a report on Monday, March 16th. Finally, Royal Bank of Canada lowered their price target on shares of Weir Group from GBX 1,900 ($23.38) to GBX 1,420 ($17.47) and set a top pick rating on the stock in a report on Thursday, March 19th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 1,218.20 ($14.99).
Shares of WEIR stock opened at GBX 1,079.50 ($13.28) on Friday. The company has a debt-to-equity ratio of 94.51, a quick ratio of 0.68 and a current ratio of 1.26. The firm’s 50-day moving average is GBX 1,007.70 and its 200-day moving average is GBX 1,148.28. The stock has a market cap of $2.83 billion and a price-to-earnings ratio of -7.44. Weir Group has a 52-week low of GBX 608.60 ($7.49) and a 52-week high of GBX 1,640 ($20.18).
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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