Peel Hunt Reaffirms Hold Rating for Weir Group (LON:WEIR)

Peel Hunt reissued their hold rating on shares of Weir Group (LON:WEIR) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on WEIR. Jefferies Financial Group reiterated a hold rating on shares of Weir Group in a research note on Monday, June 29th. Liberum Capital restated a hold rating on shares of Weir Group in a research note on Wednesday. Barclays reiterated an overweight rating on shares of Weir Group in a research report on Monday, July 20th. UBS Group dropped their target price on 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, Credit Suisse Group dropped their price target on 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. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 1,263 ($15.54).

LON:WEIR opened at GBX 1,196.50 ($14.72) on Wednesday. The business’s 50-day moving average is GBX 1,092.17 and its two-hundred day moving average is GBX 1,084.76. The company has a debt-to-equity ratio of 94.51, a current ratio of 1.26 and a quick ratio of 0.68. Weir Group has a 12 month low of GBX 10.44 ($0.13) and a 12 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.

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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