Weir Group (LON:WEIR) Given New GBX 1,880 Price Target at Morgan Stanley

Weir Group (LON:WEIR) had its price target reduced by Morgan Stanley from GBX 1,940 ($25.35) to GBX 1,880 ($24.57) in a research report sent to investors on Thursday, ThisIsMoney.Co.Uk reports. They currently have an overweight rating on the stock.

WEIR has been the topic of a number of other reports. Barclays set a $164.00 price target on Jazz Pharmaceuticals and gave the stock a buy rating in a report on Wednesday, July 3rd. Peel Hunt reiterated a buy rating on shares of Lookers in a report on Monday, July 8th. Canaccord Genuity lowered Cronos Group from a hold rating to a sell rating and set a C$17.00 price target on the stock. in a report on Wednesday, March 27th. JPMorgan Chase & Co. reiterated an overweight rating on shares of in a report on Friday, June 28th. Finally, Citigroup boosted their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the company a neutral rating in a research note on Monday, April 15th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Weir Group has an average rating of Buy and a consensus price target of GBX 1,844.67 ($24.10).

Shares of Weir Group stock opened at GBX 1,515 ($19.80) on Thursday. The stock’s fifty day simple moving average is GBX 1,508.13. The company has a market capitalization of $3.93 billion and a price-to-earnings ratio of 204.73. Weir Group has a 12 month low of GBX 1,222.50 ($15.97) and a 12 month high of GBX 2,032 ($26.55). The company has a quick ratio of 0.56, a current ratio of 1.30 and a debt-to-equity ratio of 65.31.

In related news, insider Graham Vanhegan sold 2,085 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of GBX 1,690 ($22.08), for a total transaction of £35,236.50 ($46,042.73).

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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