Weir Group (LON:WEIR) Given Hold Rating at Peel Hunt

Weir Group (LON:WEIR)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also issued reports on WEIR. Deutsche Bank reiterated a “buy” rating on shares of Weir Group in a report on Monday, January 20th. BNP Paribas upgraded Weir Group to an “outperform” rating in a report on Thursday, November 28th. UBS Group reiterated a “neutral” rating on shares of Weir Group in a report on Wednesday, November 6th. Credit Suisse Group lowered Weir Group to a “neutral” rating and lowered their price target for the company from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered their price target on Weir Group from GBX 1,500 ($19.73) to GBX 1,380 ($18.15) and set a “neutral” rating for the company in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 1,605.76 ($21.12).

Shares of LON WEIR opened at GBX 1,380.50 ($18.16) on Thursday. The company has a debt-to-equity ratio of 86.36, a quick ratio of 1.19 and a current ratio of 2.00. The firm has a market capitalization of $3.58 billion and a price-to-earnings ratio of 920.33. The stock has a 50 day moving average price of GBX 1,438.99 and a 200 day moving average price of GBX 1,428.70. Weir Group has a 52-week low of GBX 1,249 ($16.43) and a 52-week high of GBX 1,814.50 ($23.87).

About Weir Group

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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