Shares of Weir Group PLC (LON:WEIR) have received a consensus recommendation of “Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 2,080 ($27.18).
Several research firms have recently commented on WEIR. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Weir Group in a research note on Thursday, August 23rd. Deutsche Bank reiterated a “buy” rating on shares of Weir Group in a research note on Friday, September 7th. Numis Securities reiterated a “hold” rating and set a GBX 1,800 ($23.52) target price on shares of Weir Group in a research note on Friday, September 7th. Citigroup reduced their target price on Weir Group from GBX 2,600 ($33.97) to GBX 2,500 ($32.67) and set a “buy” rating for the company in a research note on Friday, September 7th. Finally, Liberum Capital restated a “buy” rating on shares of Weir Group in a research note on Wednesday, October 3rd.
Shares of Weir Group stock traded up GBX 36.50 ($0.48) on Monday, hitting GBX 1,407 ($18.38). 2,065,331 shares of the company’s stock traded hands, compared to its average volume of 1,360,000. Weir Group has a 52-week low of GBX 1,696 ($22.16) and a 52-week 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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