Deutsche Bank Reiterates Buy Rating for Weir Group (LON:WEIR)

Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday, March 14th. They presently have a GBX 2,360 ($33.13) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 20.53% from the stock’s previous close.

Several other research firms have also recently issued reports on WEIR. Numis Securities raised shares of Weir Group to an “add” rating and set a GBX 2,200 ($30.88) price objective for the company in a research report on Thursday, March 1st. Citigroup reiterated a “buy” rating and set a GBX 2,530 ($35.51) price target on shares of Weir Group in a research note on Monday, December 4th. Canaccord Genuity restated a “buy” rating and issued a GBX 2,200 ($30.88) price objective on shares of Weir Group in a research note on Monday, November 20th. Goldman Sachs restated a “buy” rating and issued a GBX 2,500 ($35.09) price objective on shares of Weir Group in a research note on Monday, January 22nd. Finally, Liberum Capital upgraded shares of Weir Group to a “buy” rating and lifted their price objective for the company from GBX 700 ($9.83) to GBX 2,400 ($33.69) in a research note on Thursday, March 8th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Weir Group presently has a consensus rating of “Buy” and a consensus price target of GBX 2,281.18 ($32.02).

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Shares of LON WEIR traded down GBX 47 ($0.66) during midday trading on Wednesday, reaching GBX 1,958 ($27.48). 1,117,350 shares of the stock were exchanged, compared to its average volume of 1,360,000. Weir Group has a twelve month low of GBX 1,696 ($23.81) and a twelve month high of GBX 2,326 ($32.65).

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About Weir Group

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.

Analyst Recommendations for Weir Group (LON:WEIR)

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