Weir Group (WEIR) Given Overweight Rating at Barclays

Barclays reiterated their overweight rating on shares of Weir Group (LON:WEIR) in a research report sent to investors on Tuesday. Barclays currently has a GBX 2,350 ($31.63) price target on the stock.

Other equities research analysts also recently issued reports about the stock. Citigroup reiterated a buy rating and set a GBX 2,350 ($31.63) price objective on shares of Weir Group in a research note on Tuesday, September 26th. Peel Hunt upgraded shares of Weir Group to a buy rating and lifted their price objective for the stock from GBX 2,000 ($26.92) to GBX 2,100 ($28.26) in a research note on Friday, August 25th. Canaccord Genuity lifted their price objective on shares of Weir Group from GBX 2,000 ($26.92) to GBX 2,200 ($29.61) and gave the stock a buy rating in a research note on Thursday, November 2nd. Credit Suisse Group reiterated an outperform rating on shares of Weir Group in a research note on Friday, October 13th. Finally, reiterated a buy rating and set a GBX 2,300 ($30.96) price objective on shares of Weir Group in a research note on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Weir Group presently has an average rating of Buy and a consensus target price of GBX 2,100 ($28.26).

Shares of Weir Group (LON WEIR) traded up GBX 11 ($0.15) on Tuesday, reaching GBX 1,975 ($26.58). 394,365 shares of the company’s stock traded hands, compared to its average volume of 1,310,000. Weir Group has a 52 week low of GBX 1,696 ($22.83) and a 52 week high of GBX 2,154 ($28.99).

In related news, insider Christopher Morgan sold 464 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of GBX 1,824 ($24.55), for a total transaction of £8,463.36 ($11,390.79). Also, insider Barbara Jeremiah bought 250 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of GBX 2,016 ($27.13) per share, for a total transaction of £5,040 ($6,783.31).

ILLEGAL ACTIVITY WARNING: “Weir Group (WEIR) Given Overweight Rating at Barclays” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://stocknewstimes.com/2017/12/06/weir-group-weir-given-overweight-rating-at-barclays.html.

Weir Group 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.

Analyst Recommendations for Weir Group (LON:WEIR)

Receive News & Ratings for Weir Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply