Weir Group (LON:WEIR) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their hold rating on shares of Weir Group (LON:WEIR) in a research note published on Wednesday, Digital Look reports.

A number of other research firms have also recently issued reports on WEIR. Deutsche Bank upped their price objective on shares of Weir Group from GBX 950 ($11.69) to GBX 1,000 ($12.31) and gave the stock a hold rating in a research report on Friday, July 10th. UBS Group reduced their target price 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. Peel Hunt reissued a hold rating on shares of Weir Group in a report on Wednesday. Barclays reissued an overweight rating on shares of Weir Group in a report on Monday, July 20th. Finally, Jefferies Financial Group reissued a hold rating on shares of Weir Group in a report on Monday, June 29th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,263 ($15.54).

WEIR stock opened at GBX 1,196.50 ($14.72) on Wednesday. The company has a 50 day simple moving average of GBX 1,092.17 and a 200 day simple moving average of GBX 1,084.76. The stock has a market cap of $3.11 billion and a price-to-earnings ratio of -8.17. Weir Group has a 1 year low of GBX 10.44 ($0.13) and a 1 year high of GBX 1,640 ($20.18). 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 Company Profile

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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