Weir Group’s (WEIR) “Buy” Rating Reiterated at Deutsche Bank

Deutsche Bank restated their buy rating on shares of Weir Group (LON:WEIR) in a research report report published on Monday. Deutsche Bank currently has a GBX 2,220 ($29.88) price target on the stock.

Other analysts have also recently issued reports about the company. Credit Suisse Group reissued an outperform rating and issued a GBX 2,200 ($29.61) target price on shares of Weir Group in a research note on Wednesday, August 16th. J P Morgan Chase & Co cut their target price on Weir Group from GBX 2,260 ($30.42) to GBX 2,185 ($29.41) and set an overweight rating on the stock in a research note on Wednesday, November 1st. Canaccord Genuity Group raised their target price on Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the stock a buy rating in a research note on Thursday, November 2nd. Citigroup reissued a buy rating and issued a GBX 2,530 ($34.05) target price on shares of Weir Group in a research note on Monday. Finally, Numis Securities cut Weir Group to a hold rating and set a GBX 2,025 ($27.25) target price on the stock. in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 2,100 ($28.26).

Shares of Weir Group (LON WEIR) opened at GBX 1,981 ($26.66) on Monday. Weir Group has a 12 month low of GBX 1,696 ($22.83) and a 12 month high of GBX 2,154 ($28.99).

In other news, insider Barbara Jeremiah acquired 250 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were acquired at an average cost of GBX 2,016 ($27.13) per share, with a total value 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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