Weir Group (LON:WEIR) had its price objective reduced by Barclays from GBX 2,250 ($29.40) to GBX 1,900 ($24.83) in a research note issued to investors on Friday morning. Barclays currently has an overweight rating on the stock.
A number of other analysts have also commented on the company. Morgan Stanley reduced their target price on Weir Group from GBX 2,000 ($26.13) to GBX 1,930 ($25.22) and set an overweight rating for the company in a report on Wednesday, December 5th. Royal Bank of Canada reissued an outperform rating and issued a GBX 1,900 ($24.83) target price (down previously from GBX 2,250 ($29.40)) on shares of Weir Group in a report on Tuesday, November 20th. Credit Suisse Group reissued an outperform rating on shares of Weir Group in a report on Thursday, November 15th. Canaccord Genuity reduced their target price on Weir Group from GBX 2,500 ($32.67) to GBX 2,000 ($26.13) and set a buy rating for the company in a report on Thursday, November 8th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,940 ($25.35) target price (down previously from GBX 2,000 ($26.13)) on shares of Weir Group in a report on Wednesday, November 7th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 2,102.35 ($27.47).
Weir Group stock opened at GBX 1,407 ($18.38) 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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