Weir Group PLC’s (LON:WEIR) Overweight Rating Reiterated at J P Morgan Chase & Co

Weir Group PLC (LON:WEIR)‘s stock had its “overweight” rating restated by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Monday, July 24th.

Other analysts have also recently issued research reports about the company. Numis Securities Ltd reiterated a ” hold” rating and set a GBX 1,900 ($24.67) target price on shares of Weir Group PLC in a report on Friday, April 28th. HSBC Holdings plc restated a “buy” rating and issued a GBX 2,300 ($29.86) price target on shares of Weir Group PLC in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 2,150 ($27.91) price target on shares of Weir Group PLC in a report on Thursday, April 6th. Citigroup Inc. assumed coverage on Weir Group PLC in a report on Tuesday, April 4th. They issued a “buy” rating and a GBX 2,270 ($29.47) price target for the company. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Weir Group PLC in a research report on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 2,001.76 ($25.99).

Weir Group PLC (WEIR) traded down 0.23% on Monday, hitting GBX 1741.00. 395,501 shares of the stock traded hands. The firm’s 50-day moving average price is GBX 1,815.51 and its 200-day moving average price is GBX 1,881.20. Weir Group PLC has a 12-month low of GBX 1,479.00 and a 12-month high of GBX 2,096.00. The stock’s market cap is GBX 3.79 billion.

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In related news, insider Jon Stanton sold 11,909 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of GBX 1,920 ($24.93), for a total value of £228,652.80 ($296,836.04).

About Weir Group PLC

The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

Analyst Recommendations for Weir Group PLC (LON:WEIR)

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