Weir Group (WEIR) Price Target Lowered to GBX 1,800 at JPMorgan Chase & Co.

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Weir Group (LON:WEIR) had its price target dropped by analysts at JPMorgan Chase & Co. from GBX 1,940 ($25.35) to GBX 1,800 ($23.52) in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 13.45% from the stock’s current price.

A number of other equities research analysts also recently issued reports on WEIR. Barclays restated an “overweight” rating on shares of Weir Group in a research report on Friday, January 11th. Morgan Stanley decreased their price objective on Weir Group from GBX 1,930 ($25.22) to GBX 1,850 ($24.17) and set an “overweight” rating on the stock in a research report on Monday, January 14th. HSBC decreased their price objective on Weir Group from GBX 2,500 ($32.67) to GBX 2,000 ($26.13) and set a “buy” rating on the stock in a research report on Monday, January 14th. Liberum Capital restated a “buy” rating on shares of Weir Group in a research report on Tuesday, January 15th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Weir Group in a research report on Thursday, January 24th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,874.38 ($24.49).

Shares of WEIR stock opened at GBX 1,586.64 ($20.73) on Thursday. Weir Group has a 1 year low of GBX 1,222.50 ($15.97) and a 1 year high of GBX 2,333 ($30.48). The company has a current ratio of 1.30, a quick ratio of 0.56 and a debt-to-equity ratio of 65.31. The company has a market cap of $4.13 billion and a price-to-earnings ratio of 214.41.

In other news, insider Graham Vanhegan sold 2,085 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of GBX 1,690 ($22.08), for a total transaction of £35,236.50 ($46,042.73).

Weir Group Company Profile

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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