Goldman Sachs Group Reiterates Neutral Rating for Weir Group (LON:WEIR)

Goldman Sachs Group reiterated their neutral rating on shares of Weir Group (LON:WEIR) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada set a €475.00 ($552.33) target price on shares of Rational and gave the company a sell rating in a research note on Monday, May 20th. Citigroup raised their target price on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company a neutral rating in a research note on Monday, April 15th. JPMorgan Chase & Co. restated an overweight rating on shares of in a research note on Friday, June 28th. Deutsche Bank restated a buy rating and issued a $18.00 target price on shares of STMicroelectronics in a research note on Monday, April 15th. Finally, UBS Group restated a buy rating and issued a GBX 285 ($3.72) target price on shares of in a research note on Friday, June 21st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 1,844.67 ($24.10).

Shares of WEIR opened at GBX 1,515 ($19.80) on Wednesday. The firm has a market capitalization of $3.93 billion and a P/E ratio of 204.73. Weir Group has a twelve month low of GBX 1,222.50 ($15.97) and a twelve month high of GBX 2,032 ($26.55). The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 65.31. The company has a 50 day moving average price of GBX 1,508.13.

In other news, insider Graham Vanhegan sold 2,085 shares of Weir Group stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 1,690 ($22.08), for a total transaction of £35,236.50 ($46,042.73).

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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