Weir Group (WEIR) Rating Reiterated by Citigroup

Weir Group (LON:WEIR)‘s stock had its “buy” rating reissued by research analysts at Citigroup in a report released on Monday. They presently have a GBX 2,530 ($34.05) target price on the stock. Citigroup’s price target would suggest a potential upside of 27.89% from the company’s current price.

A number of other equities analysts have also commented on the stock. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,200 ($29.61) price target on shares of Weir Group in a research report on Monday, November 20th. Canaccord Genuity Group lifted their price target on shares of Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the company a “buy” rating in a research report on Thursday, November 2nd. Peel Hunt reissued a “buy” rating and issued a GBX 2,300 ($30.96) price target on shares of Weir Group in a research report on Monday, November 6th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,200 ($29.61) price target on shares of Weir Group in a research report on Wednesday, November 1st. Finally, Numis Securities downgraded shares of Weir Group to a “hold” rating and set a GBX 2,025 ($27.25) price objective on the stock. in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 2,100 ($28.26).

Weir Group (LON:WEIR) opened at GBX 1,978.32 ($26.63) on Monday. Weir Group has a 52-week low of GBX 1,696 ($22.83) and a 52-week high of GBX 2,154 ($28.99).

In other Weir Group news, insider Barbara Jeremiah purchased 250 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of GBX 2,016 ($27.13) per share, for a total transaction of £5,040 ($6,783.31).

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Weir Group Company Profile

The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

Analyst Recommendations for Weir Group (LON:WEIR)

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