Weir Group’s (WEIR) “Hold” Rating Reiterated at Numis Securities

Numis Securities reiterated their hold rating on shares of Weir Group (LON:WEIR) in a research note published on Monday morning. They currently have a GBX 1,450 ($18.95) price objective on the stock.

Several other equities analysts have also weighed in on WEIR. Royal Bank of Canada reaffirmed a top pick rating on shares of Weir Group in a research note on Monday, October 15th. Barclays reduced their price objective on Weir Group from GBX 2,500 ($32.67) to GBX 2,400 ($31.36) and set an overweight rating on the stock in a research note on Tuesday, October 16th. Citigroup reduced 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 note on Friday, October 26th. Peel Hunt reaffirmed a buy rating and issued a GBX 2,450 ($32.01) price objective on shares of Weir Group in a research note on Tuesday, October 30th. Finally, Credit Suisse Group reduced their price objective on Weir Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set an outperform rating on the stock in a research note on Tuesday, October 30th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Weir Group currently has an average rating of Buy and an average target price of GBX 1,945 ($25.41).

LON WEIR opened at GBX 1,524 ($19.91) 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).

Weir Group Company Profile

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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Analyst Recommendations for Weir Group (LON:WEIR)

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