J P Morgan Chase & Co Reaffirms “Overweight” Rating for Weir Group PLC (WEIR)

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

Other analysts also recently issued reports about the stock. Numis Securities Ltd reaffirmed a ” hold” rating and set a GBX 1,900 ($25.06) price objective on shares of Weir Group PLC in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 2,150 ($28.36) target price on shares of Weir Group PLC in a research note on Thursday, April 6th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 2,300 ($30.34) target price on shares of Weir Group PLC in a research note on Thursday, April 6th. Citigroup Inc. assumed coverage on shares of Weir Group PLC in a research note on Tuesday, April 4th. They issued a “buy” rating and a GBX 2,270 ($29.94) price objective for the company. Finally, Deutsche Bank AG restated a “buy” rating on shares of Weir Group PLC in a research note on Friday, May 5th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Weir Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 1,955.56 ($25.80).

Weir Group PLC (LON:WEIR) traded up 0.33% during trading on Monday, hitting GBX 1811.00. The company’s stock had a trading volume of 721,094 shares. The firm’s market cap is GBX 3.95 billion. Weir Group PLC has a one year low of GBX 1,379.00 and a one year high of GBX 2,096.00. The company has a 50-day moving average of GBX 1,816.25 and a 200 day moving average of GBX 1,899.88.

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In other news, insider Jon Stanton sold 11,909 shares of Weir Group PLC stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 1,920 ($25.33), for a total value of £228,652.80 ($301,612.98).

Weir Group PLC Company Profile

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.