Another Recommendation On Wall Street for Weir Group (LON:WEIR). This time with a GBX 2400.00 Share Target Price

September 8, 2018 - By Victoria Pittman

The Weir Group PLC (LON:WEIR) Logo

Why Has UBS Given Weir Group (LON:WEIR) a GBX 2400.00 Price Target

Analysts at UBS started coverage on shares of Weir Group (LON:WEIR) in an analyst report sent to investors and clients on 7 September. The financial firm set Buy rating on the 4.14B GBP market cap company.

The Weir Group PLC (LON:WEIR) Ratings Coverage

Among 14 analysts covering Weir Group PLC (LON:WEIR), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Weir Group PLC has GBX 2700 highest and GBX 1800 lowest target. GBX 2319.17’s average target is 44.95% above currents GBX 1600 stock price. Weir Group PLC had 40 analyst reports since March 8, 2018 according to SRatingsIntel. On Thursday, August 30 the stock rating was maintained by Peel Hunt with “Buy”. Barclays Capital maintained The Weir Group PLC (LON:WEIR) rating on Monday, July 9. Barclays Capital has “Overweight” rating and GBX 2600 target. The stock has “Buy” rating by Liberum Capital on Friday, April 20. Citigroup maintained the shares of WEIR in report on Monday, June 11 with “Buy” rating. The stock has “Buy” rating by Liberum Capital on Monday, March 19. The stock of The Weir Group PLC (LON:WEIR) has “Hold” rating given on Thursday, March 15 by Investec. The stock has “Buy” rating by Liberum Capital on Tuesday, July 31. The company was maintained on Monday, July 2 by Liberum Capital. The firm has “Buy” rating by Peel Hunt given on Thursday, April 19. The firm earned “Buy” rating on Friday, June 8 by Liberum Capital.

The stock decreased 1.96% or GBX 32 during the last trading session, reaching GBX 1600. About 2.77M shares traded or 80.96% up from the average. The Weir Group PLC (LON:WEIR) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

The Weir Group PLC designs, manufactures, and sells highly-engineered services and products worldwide. The company has market cap of 4.14 billion GBP. The firm operates in three divisions: Minerals, Oil & Gas, and Flow Control. It has a 19.88 P/E ratio. The Minerals segment engineers pumps, valves, cyclones, crushers, high pressure grinding rolls, rubber, and other solutions; and provides slurry handling equipment and associated aftermarket support services for mining, sand and aggregates, and oil sands markets.

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