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

Shares of The Weir Group PLC (LON:WEIR) have earned an average rating of “Moderate Buy” from the nine brokerages that are presently 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 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 3,408.33.

Several equities analysts have weighed in on WEIR shares. Berenberg Bank restated a “buy” rating and set a GBX 3,650 price objective on shares of The Weir Group in a research note on Wednesday. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 target price for the company in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their target price on shares of 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. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 3,555 price target on shares of The Weir Group in a report on Wednesday, July 29th.

The Weir Group Stock Up 0.1%

WEIR stock opened at GBX 2,700 on Friday. The Weir Group has a twelve month low of GBX 2,254 and a twelve month high of GBX 3,580. The company has a quick ratio of 1.16, a current ratio of 2.55 and a debt-to-equity ratio of 91.54. The stock’s 50 day moving average is GBX 2,465.62 and its 200-day moving average is GBX 2,807.15. The firm has a market capitalization of £7.01 billion, a PE ratio of 26.52, a P/E/G ratio of 2.59 and a beta of 1.07.

The Weir Group (LON:WEIR) last announced 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 return on equity of 13.45% and a net margin of 9.97%. Sell-side analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal year.

Insider Activity at The Weir Group

In other news, insider Penelope Anne Freer bought 900 shares of the company’s stock in a transaction on 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 corporate insiders.

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.