Weir Group (LON:WEIR) had its price target reduced by JPMorgan Chase & Co. from GBX 1,500 ($19.60) to GBX 1,380 ($18.03) in a research note released on Tuesday, October 22nd, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
Other research analysts have also issued research reports about the stock. Credit Suisse Group reissued an outperform rating on shares of Weir Group in a research note on Thursday, October 17th. UBS Group lowered shares of Weir Group to a neutral rating and reduced their price objective for the stock from GBX 1,550 ($20.25) to GBX 1,450 ($18.95) in a research note on Thursday, October 17th. Jefferies Financial Group reissued a hold rating on shares of Weir Group in a research note on Wednesday, July 24th. Citigroup reaffirmed a buy rating on shares of Weir Group in a research note on Monday, September 9th. Finally, Morgan Stanley lifted their price target on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the company an overweight rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 1,617.24 ($21.13).
Shares of LON:WEIR traded up GBX 2 ($0.03) during trading on Tuesday, hitting GBX 1,423.50 ($18.60). 726,509 shares of the company’s stock were exchanged, compared to its average volume of 1,360,000. The firm has a 50-day moving average price of GBX 1,396.18 and a two-hundred day moving average price of GBX 1,475.21. Weir Group has a 1-year low of GBX 1,222.50 ($15.97) and a 1-year high of GBX 1,814.50 ($23.71). The firm has a market cap of $3.70 billion and a P/E ratio of 949.00. The company has a current ratio of 2.00, a quick ratio of 1.19 and a debt-to-equity ratio of 86.36.
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.
Recommended Story: What causes a stock to be most active?
Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.