Deutsche Bank Boosts Weir Group (LON:WEIR) Price Target to GBX 1,200

Weir Group (LON:WEIR) had its price objective hoisted by Deutsche Bank from GBX 1,000 ($12.31) to GBX 1,200 ($14.77) in a report issued on Thursday, Digital Look reports. They currently have a hold rating on the stock.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group reiterated a hold rating on shares of Weir Group in a report on Monday, June 29th. Credit Suisse Group cut their price target on shares of Weir Group from GBX 1,500 ($18.46) to GBX 1,150 ($14.15) and set a neutral rating on the stock in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target 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 report on Tuesday, June 30th. UBS Group cut their price target on shares of Weir Group from GBX 1,450 ($17.84) to GBX 850 ($10.46) and set a neutral rating on the stock in a report on Friday, April 24th. Finally, HSBC cut shares of Weir Group to a hold rating and dropped their target price for the company from GBX 1,045 ($12.86) to GBX 985 ($12.12) in a report on Monday, May 11th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 1,263 ($15.54).

LON:WEIR opened at GBX 1,196.50 ($14.72) on Thursday. The stock has a market cap of $3.11 billion and a P/E ratio of -8.17. The firm’s fifty day simple moving average is GBX 1,092.17 and its 200 day simple moving average is GBX 1,084.76. 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 company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of 94.51.

About Weir Group

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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