Weir Group’s (WEIR) Overweight Rating Reaffirmed at Barclays

Barclays reiterated their overweight rating on shares of Weir Group (LON:WEIR) in a research note issued to investors on Monday morning. The brokerage currently has a GBX 2,350 ($31.63) price objective on the stock.

WEIR has been the subject of several other research reports. J P Morgan Chase & Co restated an overweight rating on shares of Weir Group in a research report on Friday, December 8th. Numis Securities restated a hold rating and issued a GBX 2,025 ($27.25) price target on shares of Weir Group in a research report on Tuesday, December 5th. Deutsche Bank restated a buy rating and issued a GBX 2,220 ($29.88) price target on shares of Weir Group in a research report on Monday, December 4th. Citigroup restated a buy rating and issued a GBX 2,530 ($34.05) price target on shares of Weir Group in a research report on Monday, December 4th. Finally, Canaccord Genuity restated a buy rating and issued a GBX 2,200 ($29.61) price target on shares of Weir Group in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 2,100 ($28.26).

Shares of Weir Group (LON WEIR) opened at GBX 2,097 ($28.22) on Monday. Weir Group has a one year low of GBX 1,696 ($22.83) and a one year high of GBX 2,154 ($28.99).

In related news, insider Barbara Jeremiah acquired 250 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of GBX 2,016 ($27.13) per share, for a total transaction of £5,040 ($6,783.31).

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About Weir Group

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 (LON:WEIR)

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