Liberum Capital upgraded shares of Weir Group (LON:WEIR) to a buy rating in a research report sent to investors on Thursday. They currently have GBX 2,400 ($33.16) price target on the stock, up from their prior price target of GBX 700 ($9.67).
Several other analysts have also issued reports on the stock. Royal Bank of Canada restated an outperform rating and set a GBX 2,400 ($33.16) target price on shares of Weir Group in a research report on Thursday, December 21st. Barclays reaffirmed an overweight rating and issued a GBX 2,350 ($32.47) target price on shares of Weir Group in a research report on Monday, December 18th. JPMorgan Chase & Co. reissued an overweight rating on shares of Weir Group in a research report on Friday, December 8th. Numis Securities reissued a hold rating and set a GBX 2,025 ($27.98) price objective on shares of Weir Group in a research report on Tuesday, December 5th. Finally, Citigroup reissued a buy rating and set a GBX 2,530 ($34.95) price objective on shares of Weir Group in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 2,258.53 ($31.20).
Shares of Weir Group (LON:WEIR) opened at GBX 2,002 ($27.66) on Thursday. The stock has a market cap of $4,490.00 and a P/E ratio of 3,229.03. Weir Group has a 12-month low of GBX 1,696 ($23.43) and a 12-month high of GBX 2,326 ($32.14).
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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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