Deutsche Bank Cuts Weir Group (WEIR) Price Target to GBX 1,815

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Weir Group (LON:WEIR) had its price objective trimmed by Deutsche Bank from GBX 2,360 ($30.84) to GBX 1,815 ($23.72) in a research note released on Wednesday. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Peel Hunt restated a buy rating on shares of Weir Group in a research note on Tuesday. Liberum Capital dropped their price target on Weir Group from GBX 2,400 ($31.36) to GBX 1,800 ($23.52) and set a buy rating for the company in a research note on Tuesday. UBS Group restated a buy rating and issued a GBX 2,250 ($29.40) price target (down from GBX 2,400 ($31.36)) on shares of Weir Group in a research note on Friday, November 2nd. JPMorgan Chase & Co. dropped their price target on Weir Group from GBX 2,060 ($26.92) to GBX 2,000 ($26.13) and set an overweight rating for the company in a research note on Thursday, November 1st. Finally, Credit Suisse Group lowered their target price on Weir Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set an outperform rating for the company in a research report on Tuesday, October 30th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 2,154.71 ($28.16).

WEIR stock traded down GBX 36 ($0.47) during midday trading on Wednesday, hitting GBX 1,550.50 ($20.26). The company’s stock had a trading volume of 2,285,314 shares, compared to its average volume of 1,360,000. Weir Group has a 12 month low of GBX 1,696 ($22.16) and a 12 month high of GBX 2,326 ($30.39).

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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