Weir Group (LON:WEIR) PT Lowered to GBX 1,880 at Morgan Stanley

Weir Group (LON:WEIR) had its price objective decreased by Morgan Stanley from GBX 1,940 ($25.35) to GBX 1,880 ($24.57) in a report released on Thursday, ThisIsMoney.Co.Uk reports. Morgan Stanley currently has an overweight rating on the stock.

WEIR has been the subject of several other reports. Peel Hunt reiterated a buy rating on shares of Lookers in a research report on Monday, July 8th. Citigroup increased their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the company a neutral rating in a research report on Monday, April 15th. Canaccord Genuity downgraded Cronos Group from a hold rating to a sell rating and set a C$17.00 target price for the company. in a research report on Wednesday, March 27th. Credit Suisse Group began coverage on Yunji in a research report on Wednesday, July 3rd. They issued an outperform rating and a $14.50 target price for the company. Finally, UBS Group reiterated a buy rating and issued a GBX 285 ($3.72) target price on shares of in a research report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Weir Group presently has an average rating of Buy and an average target price of GBX 1,844.67 ($24.10).

LON:WEIR opened at GBX 1,515 ($19.80) on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.30 and a debt-to-equity ratio of 65.31. The firm has a market capitalization of $3.93 billion and a price-to-earnings ratio of 204.73. Weir Group has a twelve month low of GBX 1,222.50 ($15.97) and a twelve month high of GBX 2,032 ($26.55). The company has a 50-day simple moving average of GBX 1,508.13.

In other news, insider Graham Vanhegan sold 2,085 shares of the firm’s stock in a transaction dated 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).

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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Analyst Recommendations for Weir Group (LON:WEIR)

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