Weir Group’s (WEIR) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Weir Group (LON:WEIR) in a research note released on Thursday, December 21st. The firm currently has a GBX 2,400 ($32.55) price objective on the stock.

Several other equities analysts have also issued reports on WEIR. Canaccord Genuity Group increased their target price on Weir Group from GBX 2,000 ($27.12) to GBX 2,200 ($29.83) and gave the stock a buy rating in a research note on Thursday, November 2nd. reissued a buy rating and set a GBX 2,300 ($31.19) target price on shares of Weir Group in a research note on Friday, September 29th. Deutsche Bank reissued a buy rating and set a GBX 2,220 ($30.11) target price on shares of Weir Group in a research note on Monday, December 4th. Citigroup reaffirmed a buy rating and issued a GBX 2,350 ($31.87) price target on shares of Weir Group in a research report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. cut their target price on Weir Group from GBX 2,260 ($30.65) to GBX 2,185 ($29.63) and set an overweight rating on the stock in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 2,118.75 ($28.73).

Weir Group (LON:WEIR) traded down GBX 8 ($0.11) during midday trading on Thursday, hitting GBX 2,204 ($29.89). The stock had a trading volume of 1,242,867 shares, compared to its average volume of 768,945. Weir Group has a fifty-two week low of GBX 1,696 ($23.00) and a fifty-two week high of GBX 2,326 ($31.54). The stock has a market cap of $4,940.00 and a PE ratio of 7,346.67.

In other Weir Group news, insider Barbara Jeremiah purchased 250 shares of Weir Group stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average cost of GBX 2,016 ($27.34) per share, with a total value of £5,040 ($6,834.83).

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2018/01/12/weir-groups-weir-outperform-rating-reaffirmed-at-royal-bank-of-canada.html.

About Weir Group

The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

Analyst Recommendations for Weir Group (LON:WEIR)

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.

Leave a Reply