Barclays Reaffirms “Overweight” Rating for Weir Group (WEIR)

Barclays reiterated their overweight rating on shares of Weir Group (LON:WEIR) in a report released on Tuesday. They currently have a GBX 2,350 ($31.63) target price on the stock.

Other research analysts have also issued reports about the stock. Deutsche Bank reaffirmed a buy rating and issued a GBX 2,220 ($29.88) price target on shares of Weir Group in a report on Wednesday, November 1st. Peel Hunt lifted their price target on shares of Weir Group from GBX 2,100 ($28.26) to GBX 2,300 ($30.96) and gave the company a buy rating in a report on Tuesday, October 31st. reaffirmed a buy rating and issued a GBX 2,300 ($30.96) price target on shares of Weir Group in a report on Friday, September 29th. Citigroup reaffirmed a buy rating and issued a GBX 2,350 ($31.63) price target on shares of Weir Group in a report on Tuesday, September 26th. Finally, Canaccord Genuity raised shares of Weir Group to a buy rating and set a GBX 2,000 ($26.92) price target for the company in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of GBX 2,100 ($28.26).

Weir Group (LON:WEIR) opened at GBX 2,012 ($27.08) on Tuesday. Weir Group has a 1 year low of GBX 1,696 ($22.83) and a 1 year high of GBX 2,154 ($28.99).

In other news, insider Barbara Jeremiah bought 250 shares of Weir Group stock in a transaction on Tuesday, November 7th. The stock was purchased 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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About Weir Group

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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