JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Weir Group (WEIR)

JPMorgan Chase & Co. restated their overweight rating on shares of Weir Group (LON:WEIR) in a research report sent to investors on Wednesday. They currently have a GBX 1,940 ($25.35) price objective on the stock, down from their previous price objective of GBX 2,000 ($26.13).

WEIR has been the subject of a number of other research reports. Royal Bank of Canada reissued a top pick rating on shares of Weir Group in a report on Monday, October 15th. UBS Group reissued a buy rating and issued a GBX 2,250 ($29.40) price objective (down previously from GBX 2,400 ($31.36)) on shares of Weir Group in a report on Friday, November 2nd. Credit Suisse Group cut their price objective on shares of Weir Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set an outperform rating for the company in a report on Tuesday, October 30th. Peel Hunt reissued a buy rating and issued a GBX 2,450 ($32.01) price objective on shares of Weir Group in a report on Thursday, September 6th. Finally, HSBC reissued a buy rating and issued a GBX 2,500 ($32.67) price objective on shares of Weir Group in a report on Monday, October 8th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 2,154.71 ($28.16).

LON WEIR traded down GBX 36 ($0.47) during trading on Wednesday, reaching GBX 1,550.50 ($20.26). The company’s stock had a trading volume of 2,285,314 shares, compared to its average volume of 1,360,000. Weir Group has a 12 month low of GBX 1,696 ($22.16) and a 12 month high of GBX 2,326 ($30.39).

About Weir Group

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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