Liberum Capital reaffirmed their hold rating on shares of Weir Group (LON:WEIR) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts have also recently commented on WEIR. Royal Bank of Canada raised their target price on shares of Weir Group from GBX 1,900 ($24.83) to GBX 2,000 ($26.13) and gave the stock an outperform rating in a report on Monday, May 20th. Goldman Sachs Group reaffirmed a neutral rating on shares of Weir Group in a report on Wednesday, July 10th. Barclays reaffirmed an overweight rating on shares of Weir Group in a report on Tuesday, July 23rd. Deutsche Bank reaffirmed a buy rating on shares of Weir Group in a report on Monday, April 15th. Finally, Jefferies Financial Group reaffirmed a hold rating on shares of Weir Group in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Weir Group presently has a consensus rating of Buy and an average target price of GBX 1,844.67 ($24.10).
Shares of WEIR opened at GBX 1,376 ($17.98) on Tuesday. Weir Group has a 12 month low of GBX 1,222.50 ($15.97) and a 12 month high of GBX 2,032 ($26.55). The stock’s 50 day simple moving average is GBX 1,506.39. The company has a market capitalization of $3.57 billion and a PE ratio of 185.95. The company has a debt-to-equity ratio of 65.31, a current ratio of 1.30 and a quick ratio of 0.56.
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.
Further Reading: Golden Cross
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