Shares of The Weir Group PLC (LON:WEIR) have received an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,524 ($19.91).
A number of research firms have weighed in on WEIR. Royal Bank of Canada upped their price target on shares of The Weir Group from GBX 2,190 ($28.61) to GBX 2,470 ($32.27) and gave the stock an “outperform” rating in a research report on Wednesday, March 3rd. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a research report on Thursday, April 29th. Morgan Stanley upgraded shares of The Weir Group to an “overweight” rating and upped their target price for the stock from GBX 1,730 ($22.60) to GBX 2,200 ($28.74) in a research report on Monday, February 8th. Deutsche Bank Aktiengesellschaft lowered shares of The Weir Group to a “hold” rating and dropped their target price for the stock from GBX 2,100 ($27.44) to GBX 2,000 ($26.13) in a research report on Thursday, March 4th. Finally, Barclays upped their target price on shares of The Weir Group from GBX 2,000 ($26.13) to GBX 2,350 ($30.70) and gave the stock an “overweight” rating in a research report on Wednesday, January 13th.
In other The Weir Group news, insider S (Venkat) Venkatakrishnan bought 250 shares of the company’s stock in a transaction on Wednesday, March 3rd. The shares were bought at an average cost of GBX 1,956 ($25.56) per share, for a total transaction of £4,890 ($6,388.82). Also, insider John Heasley sold 2,117 shares of the stock in a transaction dated Friday, April 30th. The stock was sold at an average price of GBX 1,941 ($25.36), for a total transaction of £41,090.97 ($53,685.62).
The Weir Group Company Profile
The Weir Group PLC produces and sells highly engineered original equipment. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets. The ESCO segment provides ground engaging tools for surface mining and infrastructure.
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