The Weir Group (LON:WEIR – Get Free Report) had its target price upped by equities research analysts at JPMorgan Chase & Co. from GBX 3,500 to GBX 3,800 in a report issued on Wednesday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 58.33% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Citigroup cut their target price on shares of The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating on the stock in a research note 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 note on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,705 price objective on shares of The Weir Group in a report on Thursday, April 30th. Royal Bank Of Canada restated a “buy” rating and set a GBX 4,000 price objective on shares of The Weir Group in a research note on Thursday, March 5th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, The Weir Group currently has an average rating of “Moderate Buy” and an average price target of GBX 3,452.
Read Our Latest Stock Report on The Weir Group
The Weir Group Price Performance
Insider Buying and Selling at The Weir Group
In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total transaction of £792,468.40. Company insiders own 0.73% of the company’s stock.
About The Weir Group
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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