Weir Group (LON:WEIR) had its target price boosted by Morgan Stanley from GBX 1,150 ($14.15) to GBX 1,210 ($14.89) in a research note released on Thursday morning, Digital Look reports. The brokerage currently has an equal weight rating on the stock.
Several other brokerages have also recently weighed in on WEIR. Deutsche Bank upped their price objective on shares of Weir Group from GBX 1,000 ($12.31) to GBX 1,200 ($14.77) and gave the stock a hold rating in a research note on Thursday. HSBC cut shares of Weir Group to a hold rating and decreased their price objective for the stock from GBX 1,045 ($12.86) to GBX 985 ($12.12) in a research note on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on shares of Weir Group from GBX 950 ($11.69) to GBX 1,100 ($13.54) and gave the stock a neutral rating in a research note on Tuesday, June 30th. Shore Capital reaffirmed a hold rating on shares of Weir Group in a research note on Wednesday. Finally, Liberum Capital reissued a hold rating on shares of Weir Group in a research note on Wednesday. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Weir Group presently has an average rating of Hold and a consensus target price of GBX 1,263 ($15.54).
Shares of Weir Group stock opened at GBX 1,196.50 ($14.72) on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 94.51. The stock has a market capitalization of $3.11 billion and a price-to-earnings ratio of -8.17. Weir Group has a 1-year low of GBX 10.44 ($0.13) and a 1-year high of GBX 1,640 ($20.18). The firm’s 50-day moving average price is GBX 1,092.17 and its two-hundred day moving average price is GBX 1,084.76.
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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