Weir Group PLC (WEIR) Receives Outperform Rating from Credit Suisse Group

Weir Group PLC (LON:WEIR)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a report issued on Friday.

A number of other brokerages also recently weighed in on WEIR. J P Morgan Chase & Co reissued an “overweight” rating on shares of Weir Group PLC in a report on Monday, June 19th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 2,395 ($31.49) target price on shares of Weir Group PLC in a research report on Monday, June 26th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,300 ($30.24) target price on shares of Weir Group PLC in a research report on Friday, July 7th. Deutsche Bank AG reissued a “buy” rating on shares of Weir Group PLC in a research report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 2,400 ($31.55) price objective on shares of Weir Group PLC in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 2,016.76 ($26.52).

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In related news, insider Christopher Morgan sold 464 shares of Weir Group PLC stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($23.98), for a total value of £8,463.36 ($11,127.22).

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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