Weir Group (LON:WEIR) had its price objective cut by Peel Hunt from GBX 2,450 ($32.01) to GBX 1,800 ($23.52) in a research note published on Monday. They currently have a buy rating on the stock.
Other analysts have also recently issued reports about the company. Citigroup lowered their price objective on Weir Group from GBX 2,675 ($34.95) to GBX 2,500 ($32.67) and set a buy rating on the stock in a research report on Friday, October 26th. Canaccord Genuity lowered their price objective on Weir Group from GBX 2,500 ($32.67) to GBX 2,000 ($26.13) and set a buy rating on the stock in a research report on Thursday, November 8th. Deutsche Bank lowered their price objective on Weir Group from GBX 2,360 ($30.84) to GBX 1,815 ($23.72) and set a buy rating on the stock in a research report on Wednesday, November 7th. Liberum Capital lowered their price objective on Weir Group from GBX 2,400 ($31.36) to GBX 1,800 ($23.52) and set a buy rating on the stock in a research report on Tuesday, November 6th. Finally, UBS Group restated a buy rating and set a GBX 2,250 ($29.40) price objective (down from GBX 2,400 ($31.36)) on shares of Weir Group in a research report on Friday, November 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Weir Group has an average rating of Buy and a consensus target price of GBX 1,945 ($25.41).
WEIR opened at GBX 1,532.50 ($20.02) on Monday. Weir Group has a 1 year low of GBX 1,696 ($22.16) and a 1 year high of GBX 2,326 ($30.39).
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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