Weir Group Rating Reiterated by Credit Suisse (WEIR)

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Credit Suisse restated their neutral rating on shares of Weir Group (LON:WEIR) in a report released on Monday, AnalystRatingsNetwork reports. Credit Suisse currently has a GBX 2,210 ($36.32) price objective on the stock.

Shares of Weir Group (LON:WEIR) opened at 2122.00 on Monday. Weir Group has a 1-year low of GBX 1998.00 and a 1-year high of GBX 2490.00. The stock has a 50-day moving average of GBX 2114.63 and a 200-day moving average of GBX 2200.. The company’s market cap is £4.516 billion.

A number of other firms have also recently commented on WEIR. Analysts at Jefferies Group cut their price target on shares of Weir Group from GBX 2,500 ($41.08) to GBX 2,335 ($38.37) in a research note to investors on Monday. They now have a hold rating on the stock. Separately, analysts at Societe Generale reiterated a sell rating on shares of Weir Group in a research note to investors on Monday, January 20th. They now have a GBX 1,800 ($29.58) price target on the stock. Finally, analysts at Investec reiterated an add rating on shares of Weir Group in a research note to investors on Monday, January 13th. They now have a GBX 2,250 ($36.98) price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 2,311.04 ($37.98).

The Weir Group PLC operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment designs and manufactures pumps, hydrocyclones, valves and other complementary equipment for the mining, flue gas desulphurisation and oil sands markets.

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