The Weir Group (LON:WEIR) Price Target Raised to GBX 3,200

The Weir Group (LON:WEIR) had its price target hoisted by equities researchers at Citigroup from GBX 3,150 to GBX 3,200 in a report issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 15.44% from the company’s previous close.

WEIR has been the topic of several other reports. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 target price on the stock in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,555 price target on shares of The Weir Group in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,429.78.

The Weir Group Stock Up 1.0%

Shares of LON WEIR opened at GBX 2,772 on Thursday. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05. The firm has a market capitalization of £7.20 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.59 and a beta of 1.07. The stock has a 50 day moving average price of GBX 2,439.81 and a 200 day moving average price of GBX 2,822.04. The Weir Group has a 52-week low of GBX 2,254 and a 52-week high of GBX 3,580.

The Weir Group (LON:WEIR) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 EPS for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. Sell-side analysts expect that The Weir Group will post 136.0509554 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Penelope Anne Freer acquired 900 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average price of GBX 2,729 per share, with a total value of £24,561. 0.73% of the stock is currently owned by insiders.

More The Weir Group News

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

• Positive Sentiment: First-half revenue and orders increased, signaling continued demand for Weir’s engineered mining and minerals-processing equipment and supporting expectations for further growth. Revenue, orders rise in first half at Weir Group
• Positive Sentiment: Director Penelope Anne Freer bought 900 shares at GBX 2,729, investing £24,561. The purchase may be viewed as a modest vote of confidence in the company’s outlook. Insider Buying: The Weir Group Insider Acquires 900 Shares
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and GBX 3,555 price target, implying substantial potential upside from recent trading levels. The broader analyst consensus remains “Moderate Buy,” with an average target of GBX 3,435.33.
• Neutral Sentiment: Weir reported quarterly earnings per share of GBX 54.60, with a 9.63% net margin and 13.42% return on equity. The release provides evidence of profitability, although no comparison with analysts’ estimates was given. The Weir Group earnings report and conference call
• Negative Sentiment: At roughly 28.9 times earnings and with a PEG ratio of 2.59, the stock carries a demanding valuation. Its price also remains below the 200-day moving average of about GBX 2,822, which could limit near-term momentum if investors require stronger earnings growth to justify the valuation.

About The Weir Group

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.