Several other analysts also recently issued reports on the company. Citigroup restated a buy rating and set a GBX 2,570 ($35.51) price objective on shares of Weir Group in a report on Tuesday. Goldman Sachs Group restated a buy rating and set a GBX 2,500 ($34.54) price objective on shares of Weir Group in a report on Monday, January 22nd. JPMorgan Chase & Co. restated an overweight rating and set a GBX 2,185 ($30.19) price objective on shares of Weir Group in a report on Friday, January 12th. Credit Suisse Group downgraded Weir Group to a neutral rating and cut their price objective for the stock from GBX 2,300 ($31.78) to GBX 2,200 ($30.40) in a report on Thursday, January 11th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a GBX 2,400 ($33.16) target price on shares of Weir Group in a research note on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 2,127.50 ($29.39).
Shares of Weir Group (LON WEIR) opened at GBX 2,073 ($28.64) on Wednesday. The stock has a market capitalization of $4,620.00 and a PE ratio of 6,910.00. Weir Group has a twelve month low of GBX 1,696 ($23.43) and a twelve month high of GBX 2,326 ($32.14).
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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.
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