Weir Group PLC (WEIR) Given “Buy” Rating at Peel Hunt

Weir Group PLC (LON:WEIR)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research note issued on Friday. They currently have a GBX 2,100 ($27.12) target price on the stock. Peel Hunt’s price target points to a potential upside of 16.99% from the company’s previous close.

Other research analysts have also issued research reports about the company. Numis Securities Ltd upgraded Weir Group PLC to an “add” rating and set a GBX 2,050 ($26.48) price target on the stock in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 2,400 ($31.00) price target on shares of Weir Group PLC in a report on Friday, July 14th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 2,395 ($30.93) price target on shares of Weir Group PLC in a report on Monday, June 26th. Deutsche Bank AG reiterated a “buy” rating on shares of Weir Group PLC in a report on Monday, July 10th. Finally, Canaccord Genuity upgraded Weir Group PLC to a “buy” rating and set a GBX 2,000 ($25.83) price target on the stock in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Weir Group PLC presently has an average rating of “Buy” and an average price target of GBX 2,019.41 ($26.08).

Shares of Weir Group PLC (LON WEIR) opened at 1795.00 on Friday. The firm has a 50-day moving average of GBX 1,794.22 and a 200-day moving average of GBX 1,856.43. Weir Group PLC has a one year low of GBX 1,480.00 and a one year high of GBX 2,096.00. The firm’s market capitalization is GBX 3.91 billion.

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In related news, insider Christopher Morgan sold 464 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.56), for a total transaction of £8,463.36 ($10,930.34).

About Weir Group PLC

The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

Analyst Recommendations for Weir Group PLC (LON:WEIR)

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