Royal Bank Of Canada Reiterates Buy Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 4,000 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 32.05% from the company’s previous close.

A number of other equities analysts have also commented on WEIR. Citigroup lifted their price target on shares of 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. 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. Deutsche Bank Aktiengesellschaft increased their price target on The Weir Group from GBX 3,140 to GBX 3,280 and gave the company a “buy” rating in a research note on Monday, January 12th. Peel Hunt restated a “buy” rating and set a GBX 3,000 price objective on shares of The Weir Group in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price objective on The Weir Group from GBX 3,300 to GBX 3,450 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, The Weir Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,474.71.

The Weir Group Stock Performance

The Weir Group stock opened at GBX 3,029.08 on Thursday. The business has a 50 day moving average of GBX 3,221.75 and a 200-day moving average of GBX 2,915.50. The company has a market capitalization of £7.86 billion, a P/E ratio of 25.54, a P/E/G ratio of 2.59 and a beta of 1.07. The Weir Group has a 1 year low of GBX 1,875 and a 1 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 posted 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%. On average, equities research analysts predict that The Weir Group will post 136.0509554 earnings per share for the current year.

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.