UBS Group Reaffirms “Neutral” Rating for Weir Group (LON:WEIR)

UBS Group reiterated their neutral rating on shares of Weir Group (LON:WEIR) in a report published on Wednesday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Weir Group from GBX 1,500 ($19.60) to GBX 1,380 ($18.03) and set a neutral rating on the stock in a research note on Tuesday, October 22nd. Peel Hunt restated a hold rating and issued a GBX 1,530 ($19.99) price target (down previously from GBX 1,585 ($20.71)) on shares of Weir Group in a research note on Tuesday. Deutsche Bank restated a buy rating on shares of Weir Group in a research note on Monday, November 4th. Goldman Sachs Group dropped their price target on shares of Weir Group from GBX 1,550 ($20.25) to GBX 1,450 ($18.95) and set a neutral rating on the stock in a research note on Wednesday. Finally, Bank of America restated a buy rating and issued a GBX 1,900 ($24.83) price target on shares of Weir Group in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 1,617.24 ($21.13).

Shares of LON:WEIR opened at GBX 1,502.50 ($19.63) on Wednesday. The firm’s 50 day moving average is GBX 1,397.33 and its two-hundred day moving average is GBX 1,484.54. Weir Group has a 52 week low of GBX 1,222.50 ($15.97) and a 52 week high of GBX 1,814.50 ($23.71). The firm has a market capitalization of $3.87 billion and a P/E ratio of 1,001.67. The company has a current ratio of 2.00, a quick ratio of 1.19 and a debt-to-equity ratio of 86.36.

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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