UBS Group restated their buy rating on shares of Weir Group (LON:WEIR) in a research report report published on Friday, investing.thisismoney.co.uk reports. The brokerage currently has a GBX 2,250 ($29.40) price objective on the stock, down from their prior price objective of GBX 2,400 ($31.36).
Several other brokerages have also issued reports on WEIR. JPMorgan Chase & Co. cut their target price on shares of Weir Group from GBX 2,200 ($28.75) to GBX 2,060 ($26.92) and set an overweight rating on the stock in a research note on Friday, September 7th. Credit Suisse Group cut their target price 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 note on Tuesday, October 30th. HSBC reissued a buy rating and set a GBX 2,500 ($32.67) target price on shares of Weir Group in a research note on Monday, October 8th. Liberum Capital reissued a buy rating on shares of Weir Group in a research note on Tuesday, July 31st. Finally, Citigroup cut their target price 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 note on Friday, September 7th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 2,246.18 ($29.35).
Shares of LON WEIR opened at GBX 1,519 ($19.85) on Friday. 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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