Weir Group PLC’s (WEIR) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co

J P Morgan Chase & Co reiterated their overweight rating on shares of Weir Group PLC (LON:WEIR) in a research report released on Monday morning.

WEIR has been the subject of a number of other research reports. Citigroup Inc. reiterated a buy rating and set a GBX 2,270 ($28.92) target price on shares of Weir Group PLC in a report on Friday, April 28th. Barclays PLC upgraded Weir Group PLC to an overweight rating and boosted their target price for the stock from GBX 1,900 ($24.21) to GBX 2,300 ($29.30) in a report on Friday, March 17th. Peel Hunt decreased their target price on Weir Group PLC from GBX 2,100 ($26.76) to GBX 2,000 ($25.48) and set a hold rating for the company in a report on Thursday, February 23rd. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Weir Group PLC in a report on Tuesday, April 18th. Finally, Panmure Gordon reiterated a sell rating and set a GBX 750 ($9.56) target price on shares of Weir Group PLC in a report on Thursday, February 23rd. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 1,895.56 ($24.15).

Weir Group PLC (LON WEIR) traded down 3.19% on Monday, hitting GBX 1731.00. 655,269 shares of the stock traded hands. The stock’s market cap is GBX 3.77 billion. The firm’s 50-day moving average price is GBX 1,864.54 and its 200-day moving average price is GBX 1,918.09. Weir Group PLC has a 12-month low of GBX 1,224.00 and a 12-month high of GBX 2,096.00.

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In other Weir Group PLC news, insider John Heasley bought 1,211 shares of Weir Group PLC stock in a transaction dated Monday, March 27th. The stock was bought at an average cost of GBX 1,843 ($23.48) per share, for a total transaction of £22,318.73 ($28,435.13). Also, insider Jon Stanton bought 11,909 shares of Weir Group PLC stock in a transaction dated Thursday, April 27th. The shares were acquired at an average price of GBX 1,988 ($25.33) per share, with a total value of £236,750.92 ($301,631.95).

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.

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