Weir Group (WEIR) Receives “Buy” Rating from Peel Hunt

Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research note issued on Tuesday.

WEIR has been the topic of several other research reports. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Weir Group in a research report on Monday, October 15th. UBS Group initiated coverage on shares of Weir Group in a research report on Friday, September 7th. They set a “buy” rating and a GBX 2,400 ($31.36) price objective on the stock. HSBC reaffirmed a “buy” rating and set a GBX 2,500 ($32.67) price objective on shares of Weir Group in a research report on Monday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Weir Group in a research report on Wednesday, September 5th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Weir Group in a research report on Wednesday, September 5th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 2,271.94 ($29.69).

Shares of WEIR opened at GBX 1,492.50 ($19.50) on Tuesday. Weir Group has a twelve month low of GBX 1,696 ($22.16) and a twelve month high of GBX 2,326 ($30.39).



Weir Group (LON:WEIR) last issued its quarterly earnings data on Tuesday, July 31st. The company reported GBX 46.30 ($0.60) earnings per share for the quarter, missing the consensus estimate of GBX 48.20 ($0.63) by GBX (1.90) (($0.02)). Weir Group had a net margin of 4.24% and a return on equity of 6.86%.

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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