Weir Group (LON:WEIR) Price Target Raised to GBX 1,100 at JPMorgan Chase & Co.

Weir Group (LON:WEIR) had its target price boosted by JPMorgan Chase & Co. from GBX 950 ($11.69) to GBX 1,100 ($13.54) in a research note published on Tuesday morning, Stock Target Advisor reports. They currently have a neutral rating on the stock.

WEIR has been the subject of a number of other research reports. Peel Hunt reissued a hold rating on shares of Weir Group in a research note on Friday, June 26th. Liberum Capital reaffirmed a hold rating on shares of Weir Group in a research note on Friday, June 26th. HSBC lowered shares of Weir Group to a hold rating and reduced their price objective for the company from GBX 1,045 ($12.86) to GBX 985 ($12.12) in a research note on Monday, May 11th. Credit Suisse Group reduced their price objective on shares of Weir Group from GBX 1,500 ($18.46) to GBX 1,150 ($14.15) and set a neutral rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup reaffirmed a buy rating on shares of Weir Group in a research note on Monday, March 16th. Eleven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 1,228.20 ($15.11).

Shares of LON:WEIR opened at GBX 1,063.50 ($13.09) on Tuesday. The firm has a fifty day moving average of GBX 1,010.22 and a two-hundred day moving average of GBX 1,146.57. The firm has a market capitalization of $2.80 billion and a P/E ratio of -7.37. Weir Group has a 12-month low of GBX 608.60 ($7.49) and a 12-month high of GBX 1,640 ($20.18). The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of 94.51.

In other Weir Group news, insider Jon Stanton sold 4,864 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of GBX 973 ($11.97), for a total transaction of £47,326.72 ($58,241.10).

Weir Group Company Profile

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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