The Weir Group PLC (LON:WEIR) Given Average Recommendation of “Moderate Buy” by Analysts

The Weir Group PLC (LON:WEIR) has earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 3,452.

WEIR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the stock a “buy” rating in a report on Thursday, March 5th. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,705 price objective on shares of The Weir Group in a research note on Thursday, April 30th. Finally, Panmure Gordon raised shares of The Weir Group to a “buy” rating and set a GBX 3,490 price objective on the stock in a research note on Friday, May 1st.

Insider Buying and Selling at The Weir Group

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total value of £792,468.40. Company insiders own 0.70% of the company’s stock.

The Weir Group Trading Up 0.7%

LON:WEIR opened at GBX 2,446 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 93.56. The stock has a market capitalization of £6.35 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.59 and a beta of 1.09. The firm has a fifty day simple moving average of GBX 2,750.39 and a two-hundred day simple moving average of GBX 2,943.78. The Weir Group has a 12 month low of GBX 2,378 and a 12 month high of GBX 3,580.

The Weir Group (LON:WEIR) last posted its quarterly 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%. Analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal 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.