Weir Group’s (WEIR) “Buy” Rating Reaffirmed at Liberum Capital

Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a research note issued on Wednesday, October 3rd.

Other equities analysts also recently issued reports about the company. Morgan Stanley upgraded Weir Group to an “overweight” rating and decreased their price target for the stock from GBX 2,240 ($29.27) to GBX 2,120 ($27.70) in a research note on Thursday, September 20th. Barclays reissued an “overweight” rating and issued a GBX 2,500 ($32.67) target price (down previously from GBX 2,600 ($33.97)) on shares of Weir Group in a report on Thursday, September 6th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Weir Group in a report on Thursday, August 23rd. Jefferies Financial Group reissued a “hold” rating on shares of Weir Group in a report on Wednesday, September 5th. Finally, Citigroup cut their price target on Weir Group from GBX 2,600 ($33.97) to GBX 2,500 ($32.67) and set a “buy” rating on the stock in a report on Friday, September 7th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 2,277.50 ($29.76).

Shares of LON WEIR opened at GBX 1,645 ($21.49) on Wednesday. Weir Group has a 12-month low of GBX 1,696 ($22.16) and a 12-month high of GBX 2,326 ($30.39).

Weir Group (LON:WEIR) last announced its quarterly earnings results on Tuesday, July 31st. The company reported GBX 46.30 ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 48.20 ($0.63) by GBX (1.90) (($0.02)). Weir Group had a net margin of 4.24% and a return on equity of 6.86%.

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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