Weir Group (LON:WEIR) had its target price cut by research analysts at Morgan Stanley from GBX 2,000 ($26.13) to GBX 1,930 ($25.22) in a research note issued on Wednesday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 40.82% from the stock’s previous close.
A number of other brokerages have also recently issued reports on WEIR. Peel Hunt restated a “buy” rating on shares of Weir Group in a research report on Thursday, August 30th. Credit Suisse Group upgraded shares of Weir Group to an “outperform” rating and set a GBX 2,200 ($28.75) target price for the company in a research report on Tuesday, August 21st. JPMorgan Chase & Co. restated an “overweight” rating on shares of Weir Group in a research report on Thursday, August 23rd. Jefferies Financial Group restated a “hold” rating on shares of Weir Group in a research report on Wednesday, September 5th. Finally, Royal Bank of Canada cut their target price on shares of Weir Group from GBX 2,600 ($33.97) to GBX 2,250 ($29.40) and set a “top pick” rating for the company in a research report on Monday, September 24th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Weir Group currently has an average rating of “Buy” and an average price target of GBX 2,122.94 ($27.74).
Shares of WEIR opened at GBX 1,370.50 ($17.91) on Wednesday. Weir Group has a 12-month low of GBX 1,696 ($22.16) and a 12-month 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.
Featured Story: Marijuana Stocks
Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.