Weir Group (WEIR) PT Lowered to GBX 1,900

Weir Group (LON:WEIR) had its target price decreased by equities researchers at Credit Suisse Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 18.05% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Peel Hunt restated a “buy” rating and issued a GBX 2,450 ($32.01) target price on shares of Weir Group in a report on Tuesday. Citigroup dropped their target price on Weir Group from GBX 2,675 ($34.95) to GBX 2,500 ($32.67) and set a “buy” rating on the stock in a report on Friday, October 26th. Barclays dropped their target price on Weir Group from GBX 2,500 ($32.67) to GBX 2,400 ($31.36) and set an “overweight” rating on the stock in a report on Tuesday, October 16th. Royal Bank of Canada restated a “top pick” rating on shares of Weir Group in a report on Monday, October 15th. Finally, HSBC restated a “buy” rating and issued a GBX 2,500 ($32.67) target price on shares of Weir Group in a report on Monday, October 8th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,251.94 ($29.43).

WEIR stock opened at GBX 1,609.50 ($21.03) 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 posted its earnings results on Tuesday, July 31st. The company reported GBX 46.30 ($0.60) earnings per share for the quarter, missing the Zacks’ 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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