Shares of Weir Group PLC (LON:WEIR) have received a consensus rating of “Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,800 ($23.52).
A number of research firms have recently weighed in on WEIR. Liberum Capital downgraded Weir Group to a “hold” rating and cut their price target for the company from GBX 1,800 ($23.52) to GBX 1,650 ($21.56) in a research note on Friday, June 21st. UBS Group reissued a “buy” rating on shares of Weir Group in a research note on Friday, June 21st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Weir Group in a research note on Wednesday, June 5th. Royal Bank of Canada raised their price objective on Weir Group from GBX 1,900 ($24.83) to GBX 2,000 ($26.13) and gave the stock an “outperform” rating in a research note on Monday, May 20th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Weir Group in a research note on Friday, May 17th.
In related news, insider Graham Vanhegan sold 2,085 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of GBX 1,690 ($22.08), for a total transaction of £35,236.50 ($46,042.73).
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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