The Weir Group (LON:WEIR) Price Target Raised to GBX 3,800 at JPMorgan Chase & Co.

The Weir Group (LON:WEIR) had its price objective raised by JPMorgan Chase & Co. from GBX 3,450 to GBX 3,800 in a report published on Thursday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a buy rating on the stock.

WEIR has been the subject of a number of other research reports. Citigroup boosted their price objective on The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a report on Thursday, February 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,000 price objective on shares of The Weir Group in a report on Wednesday, November 5th. Royal Bank Of Canada reiterated a “buy” rating and set a GBX 4,000 price objective on shares of The Weir Group in a research report on Thursday. Berenberg Bank lifted their target price on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Weir Group from GBX 3,140 to GBX 3,280 and gave the company a “buy” rating in a research report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, The Weir Group has a consensus rating of “Moderate Buy” and an average target price of GBX 3,474.71.

The Weir Group Price Performance

LON:WEIR opened at GBX 3,102 on Thursday. The company has a market cap of £8.05 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.59 and a beta of 1.04. The firm’s fifty day moving average price is GBX 3,218.21 and its two-hundred day moving average price is GBX 2,911.40. The Weir Group has a one year low of GBX 1,875 and a one year high of GBX 3,580. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16.

The Weir Group (LON:WEIR) last announced its earnings results on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. Equities analysts expect that The Weir Group will post 136.0509554 earnings per share for the current year.

The Weir Group News Roundup

Here are the key news stories impacting The Weir Group this week:

• Positive Sentiment: Multiple brokers raised targets and reiterated buys — Royal Bank of Canada reaffirmed a “buy” and set a GBX 4,000 target, JPMorgan bumped its target from GBX 3,450 to GBX 3,800 with a “buy”, and Deutsche Bank raised its target to GBX 3,723 (also “buy”). These upgrades boost near-term investor sentiment and provide upside guidance versus the stock’s current level. Digital Look London Stock Exchange Tickerreport
• Neutral Sentiment: Shore Capital reiterated a “hold” rating — this is a neutral anchor amid the bullish broker moves, indicating some analysts remain cautious on near-term catalysts. Digital Look London Stock Exchange
• Negative Sentiment: Quarterly results were mixed — the company reported GBX 123.80 EPS and solid margins/ROE, but revenue missed expectations and commentary flagged higher debt, which MarketWatch says overshadowed profit growth and prompted a share slump earlier. Elevated leverage (debt-to-equity reported ~93%) and the revenue shortfall are principal downside risks to watch. Weir Group Shares Slump — MarketWatch Earnings Transcript & Slide Deck

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.