Goldman Sachs Group Reiterates Neutral Rating for Weir Group (LON:WEIR)

Goldman Sachs Group reaffirmed their neutral rating on shares of Weir Group (LON:WEIR) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently issued reports on WEIR. Credit Suisse Group assumed coverage on shares of Yunji in a research note on Wednesday, July 3rd. They set an outperform rating and a $14.50 price objective for the company. Liberum Capital reaffirmed a buy rating and set a GBX 1,350 ($17.64) price objective on shares of in a research note on Friday, June 21st. Deutsche Bank reaffirmed a buy rating and set a $18.00 price objective on shares of STMicroelectronics in a research note on Monday, April 15th. Citigroup upped their price objective on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company a neutral rating in a research note on Monday, April 15th. Finally, Peel Hunt reaffirmed a buy rating on shares of Lookers in a research note on Monday, July 8th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Weir Group has a consensus rating of Buy and a consensus target price of GBX 1,844.67 ($24.10).

WEIR stock opened at GBX 1,515 ($19.80) on Wednesday. The stock has a market capitalization of $3.93 billion and a PE ratio of 204.73. The stock’s 50-day moving average is GBX 1,508.13. The company has a quick ratio of 0.56, a current ratio of 1.30 and a debt-to-equity ratio of 65.31. Weir Group has a 52 week low of GBX 1,222.50 ($15.97) and a 52 week high of GBX 2,032 ($26.55).

In other Weir Group news, insider Graham Vanhegan sold 2,085 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of GBX 1,690 ($22.08), for a total value of £35,236.50 ($46,042.73).

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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