Shore Capital reaffirmed their hold rating on shares of Weir Group (LON:WEIR) in a research report report published on Wednesday morning, Digital Look reports.
A number of other research firms have also commented on WEIR. Deutsche Bank raised their price objective on shares of Weir Group from GBX 950 ($11.69) to GBX 1,000 ($12.31) and gave the company a hold rating in a research report on Friday, July 10th. Societe Generale raised their price objective on shares of Weir Group from GBX 1,000 ($12.31) to GBX 1,035 ($12.74) and gave the company a hold rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. raised their price objective on shares of Weir Group from GBX 950 ($11.69) to GBX 1,100 ($13.54) and gave the company a neutral rating in a research report on Tuesday, June 30th. Liberum Capital restated a hold rating on shares of Weir Group in a research report on Wednesday. Finally, Credit Suisse Group cut 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 report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Weir Group has a consensus rating of Hold and an average price target of GBX 1,263 ($15.54).
Shares of LON:WEIR opened at GBX 1,196.50 ($14.72) on Wednesday. The company has a 50-day moving average price of GBX 1,092.17 and a two-hundred day moving average price of GBX 1,084.76. The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of 94.51. Weir Group has a twelve month low of GBX 10.44 ($0.13) and a twelve month high of GBX 1,640 ($20.18). The firm has a market capitalization of $3.11 billion and a PE ratio of -8.17.
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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