Peel Hunt reiterated their hold rating on shares of Weir Group (LON:WEIR) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently weighed in on the company. Credit Suisse Group decreased their price target on Weir Group from GBX 1,500 ($18.46) to GBX 1,150 ($14.15) and set a neutral rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group boosted their target price on Weir Group from GBX 1,000 ($12.31) to GBX 1,060 ($13.04) and gave the stock a hold rating in a research report on Monday, May 4th. Goldman Sachs Group decreased their target price on Weir Group from GBX 1,450 ($17.84) to GBX 1,190 ($14.64) and set a neutral rating on the stock in a research report on Friday, March 20th. Shore Capital reiterated a hold rating on shares of Weir Group in a research report on Friday. Finally, Barclays decreased their target price on Weir Group from GBX 1,750 ($21.54) to GBX 1,200 ($14.77) and set an overweight rating on the stock in a research report on Thursday, April 30th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,218.20 ($14.99).

Weir Group stock opened at GBX 1,079.50 ($13.28) on Friday. The company has a debt-to-equity ratio of 94.51, a current ratio of 1.26 and a quick ratio of 0.68. 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 company has a market cap of $2.83 billion and a PE ratio of -7.44. The stock’s 50 day moving average price is GBX 1,007.70 and its 200 day moving average price is GBX 1,148.28.

In other news, insider Jon Stanton sold 4,864 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of GBX 973 ($11.97), for a total value of £47,326.72 ($58,241.10).

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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