Weir Group (LON:WEIR) had its price objective lowered by Liberum Capital from GBX 2,400 ($31.36) to GBX 1,800 ($23.52) in a research report released on Tuesday. The brokerage currently has a buy rating on the stock.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reissued an overweight rating on shares of Weir Group in a report on Thursday, August 23rd. Numis Securities reissued a hold rating and set a GBX 2,100 ($27.44) price objective on shares of Weir Group in a report on Wednesday, August 1st. Deutsche Bank reissued a buy rating on shares of Weir Group in a report on Wednesday, August 1st. Peel Hunt reissued a buy rating on shares of Weir Group in a report on Tuesday, July 31st. Finally, Barclays reissued an overweight rating and set a GBX 2,600 ($33.97) price objective on shares of Weir Group in a report on Monday, July 9th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 2,154.71 ($28.16).
Shares of LON WEIR opened at GBX 1,561 ($20.40) on Tuesday. Weir Group has a 52 week low of GBX 1,696 ($22.16) and a 52 week high of GBX 2,326 ($30.39).
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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