JPMorgan Chase & Co. Cuts Weir Group (WEIR) Price Target to GBX 2,000

Weir Group (LON:WEIR) had its price objective reduced by JPMorgan Chase & Co. from GBX 2,060 ($26.92) to GBX 2,000 ($26.13) in a research note issued to investors on Thursday morning. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group reiterated a buy rating and issued a GBX 2,400 ($31.36) price objective (down from GBX 2,500 ($32.67)) on shares of Weir Group in a research report on Friday, August 3rd. Credit Suisse Group lowered their price objective on shares of Weir Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set an outperform rating on the stock in a research report on Tuesday, October 30th. HSBC reiterated a buy rating and issued a GBX 2,500 ($32.67) price objective on shares of Weir Group in a research report on Monday, October 8th. Liberum Capital reiterated a buy rating on shares of Weir Group in a research report on Tuesday, July 31st. Finally, Citigroup lowered their price objective on shares of Weir Group from GBX 2,600 ($33.97) to GBX 2,500 ($32.67) and set a buy rating on the stock in a research report on Friday, September 7th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Weir Group has a consensus rating of Buy and a consensus price target of GBX 2,246.18 ($29.35).

Shares of Weir Group stock opened at GBX 1,599.50 ($20.90) on Thursday. Weir Group has a 12 month low of GBX 1,696 ($22.16) and a 12 month high of GBX 2,326 ($30.39).

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.

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