Weir Group’s (WEIR) “Hold” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their hold rating on shares of Weir Group (LON:WEIR) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently weighed in on the company. Deutsche Bank upped their price target on Weir Group from GBX 950 ($11.69) to GBX 1,000 ($12.31) and gave the stock a hold rating in a report on Friday, July 10th. Barclays restated an overweight rating on shares of Weir Group in a report on Monday, July 20th. Shore Capital restated a hold rating on shares of Weir Group in a report on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Weir Group from GBX 950 ($11.69) to GBX 1,100 ($13.54) and gave the stock a neutral rating in a report on Tuesday, June 30th. Finally, Societe Generale upped their price target on Weir Group from GBX 1,000 ($12.31) to GBX 1,035 ($12.74) and gave the stock a hold rating in a report on Friday, July 3rd. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Weir Group presently has an average rating of Hold and an average target price of GBX 1,263 ($15.54).
WEIR stock opened at GBX 1,196.50 ($14.72) on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 94.51. The company has a market capitalization of $3.11 billion and a PE ratio of -8.17. Weir Group has a 12-month low of GBX 10.44 ($0.13) and a 12-month high of GBX 1,640 ($20.18). The business’s fifty day moving average price is GBX 1,092.17 and its 200 day moving average price is GBX 1,084.76.
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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