Weir Group (LON:WEIR)‘s stock had its “overweight” rating reissued by Barclays in a research report issued on Tuesday. They currently have a GBX 2,350 ($31.63) price target on the stock. Barclays’ price target suggests a potential upside of 18.63% from the company’s current price.
Other analysts have also recently issued reports about the company. Citigroup reiterated a “buy” rating and issued a GBX 2,350 ($31.63) price target on shares of Weir Group in a research report on Tuesday, September 26th. Peel Hunt upgraded Weir Group to a “buy” rating and upped their price target for the company from GBX 2,000 ($26.92) to GBX 2,100 ($28.26) in a research report on Friday, August 25th. Canaccord Genuity upped their price target on Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the company a “buy” rating in a research report on Thursday, November 2nd. Credit Suisse Group reiterated an “outperform” rating on shares of Weir Group in a research report on Friday, October 13th. Finally, reiterated a “buy” rating and issued a GBX 2,300 ($30.96) price target on shares of Weir Group in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 2,100 ($28.26).
Weir Group (WEIR) opened at GBX 1,981 ($26.66) on Tuesday. Weir Group has a 12 month low of GBX 1,696 ($22.83) and a 12 month high of GBX 2,154 ($28.99).
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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.
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