Weir Group (WEIR) Price Target Cut to GBX 2,250 by Analysts at Barclays

Weir Group (LON:WEIR) had its price target lowered by analysts at Barclays from GBX 2,400 ($31.36) to GBX 2,250 ($29.40) in a research note issued to investors on Wednesday. The firm presently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 41.42% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on WEIR. JPMorgan Chase & Co. dropped their target price on shares of Weir Group from GBX 2,000 ($26.13) to GBX 1,940 ($25.35) and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank dropped their target price on shares of Weir Group from GBX 2,360 ($30.84) to GBX 1,815 ($23.72) and set a “buy” rating on the stock in a report on Wednesday. UBS Group restated a “buy” rating and issued a GBX 2,250 ($29.40) target price (down previously from GBX 2,400 ($31.36)) on shares of Weir Group in a report on Friday, November 2nd. Peel Hunt restated a “buy” rating on shares of Weir Group in a report on Tuesday. Finally, Citigroup dropped their target price on shares of Weir Group from GBX 2,675 ($34.95) to GBX 2,500 ($32.67) and set a “buy” rating on the stock in a report on Friday, October 26th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 2,201.76 ($28.77).

LON:WEIR opened at GBX 1,591 ($20.79) on Wednesday. Weir Group has a 52 week low of GBX 1,696 ($22.16) and a 52 week high of GBX 2,326 ($30.39).

Weir Group Company Profile

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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Analyst Recommendations for Weir Group (LON:WEIR)

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