The Weir Group (LON:WEIR) Receives Overweight Rating from Barclays

The Weir Group (LON:WEIRGet Rating)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They presently have a GBX 1,980 ($24.73) target price on the stock. Barclays‘s price target points to a potential upside of 29.71% from the company’s current price.

A number of other analysts have also recently commented on WEIR. Shore Capital restated a “buy” rating on shares of The Weir Group in a research report on Thursday, April 28th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,470 ($30.86) target price on shares of The Weir Group in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,900 ($23.74) price target on shares of The Weir Group in a research report on Thursday, March 3rd. Berenberg Bank restated a “buy” rating and set a GBX 2,190 ($27.36) price objective on shares of The Weir Group in a research report on Monday, March 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of The Weir Group from GBX 2,160 ($26.98) to GBX 1,945 ($24.30) and set an “overweight” rating for the company in a report on Tuesday, February 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,980 ($24.73).

LON:WEIR opened at GBX 1,526.50 ($19.07) on Tuesday. The Weir Group has a one year low of GBX 1,381 ($17.25) and a one year high of GBX 2,010 ($25.11). The business has a fifty day moving average price of GBX 1,659.75 and a 200-day moving average price of GBX 1,699.84. The firm has a market capitalization of £3.96 billion and a price-to-earnings ratio of 15.45. The company has a debt-to-equity ratio of 91.87, a current ratio of 1.53 and a quick ratio of 1.00.

In other The Weir Group news, insider Graham Vanhegan sold 3,090 shares of The Weir Group stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of GBX 1,584 ($19.79), for a total value of £48,945.60 ($61,143.79). Also, insider John Heasley sold 3,206 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of GBX 1,541 ($19.25), for a total value of £49,404.46 ($61,717.00).

The Weir Group Company Profile (Get Rating)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

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