Shares of The Weir Group PLC (LON:WEIR – Get Free Report) hit a new 52-week low on Monday . The stock traded as low as GBX 2,344 and last traded at GBX 2,362, with a volume of 2851478 shares trading hands. The stock had previously closed at GBX 2,426.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on WEIR. JPMorgan Chase & Co. increased their price target on The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a research report on Thursday, March 5th. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Citigroup decreased their price target on The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating for the company in a research report on Monday, May 11th. Panmure Gordon upgraded The Weir Group to a “buy” rating and set a GBX 3,490 price target for the company in a research report on Friday, May 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,705 price target on shares of The Weir Group in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,452.
View Our Latest Research Report on WEIR
The Weir Group Price Performance
Insider Buying and Selling at The Weir Group
In other news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of GBX 3,098, for a total transaction of £792,468.40. 0.73% of the stock is owned by company insiders.
The Weir Group Company Profile
The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.
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