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

The Weir Group PLC (LON:WEIR) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 3,452.

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft increased their price target on The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a research report on Thursday, March 5th. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Citigroup lowered their price target on shares of The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Panmure Gordon raised shares of The Weir Group to a “buy” rating and set a GBX 3,490 price target on the stock in a report on Friday, May 1st.

The Weir Group Stock Performance

Shares of WEIR opened at GBX 2,484 on Thursday. 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 company has a market capitalization of £6.45 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.59 and a beta of 1.07. The stock has a 50 day moving average of GBX 2,641.08 and a 200 day moving average of GBX 2,907.62. The Weir Group has a 12 month low of GBX 2,254 and a 12 month high of GBX 3,580.

Insiders Place Their Bets

In related news, insider Jon Stanton sold 25,580 shares of The Weir Group stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total value of £792,468.40. Corporate insiders own 0.73% of the company’s stock.

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.