The Weir Group PLC (LON:WEIR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of The Weir Group PLC (LON:WEIR) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 3,408.33.

Several research firms recently weighed in on WEIR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 3,230 price target on shares of The Weir Group in a research note on Thursday, July 30th. Citigroup boosted their price objective on shares of The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a report on Thursday, July 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,650 target price on shares of The Weir Group in a report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,555 price target on shares of The Weir Group in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a report on Wednesday, June 24th.

Insider Transactions at The Weir Group

In other news, insider Penelope Anne Freer purchased 900 shares of the stock in a transaction on Wednesday, July 29th. The shares were acquired at an average price of GBX 2,729 per share, with a total value of £24,561. Also, insider Nick Anderson purchased 1,470 shares of the stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of GBX 2,713 per share, for a total transaction of £39,881.10. 0.73% of the stock is owned by insiders.

The Weir Group Price Performance

Shares of WEIR opened at GBX 2,776 on Tuesday. The stock has a market cap of £7.21 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 91.54, a quick ratio of 1.16 and a current ratio of 2.55. The Weir Group has a fifty-two week low of GBX 2,254 and a fifty-two week high of GBX 3,580. The firm’s 50-day simple moving average is GBX 2,622.82 and its two-hundred day simple moving average is GBX 2,720.12.

The Weir Group (LON:WEIR) last released its earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

The Weir Group Company Profile

Founded in 1871, Weir is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.