JPMorgan Chase & Co. Reaffirms Overweight Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,075 ($26.06) price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 1.22% from the company’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, The Weir Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,188.75 ($27.49).

The Weir Group Stock Performance

Shares of LON:WEIR traded up GBX 8 ($0.10) on Tuesday, reaching GBX 2,050 ($25.75). 599,970 shares of the company’s stock were exchanged, compared to its average volume of 849,593. The Weir Group has a twelve month low of GBX 1,652.50 ($20.76) and a twelve month high of GBX 2,094 ($26.30). The company has a fifty day moving average of GBX 1,970.12 and a 200-day moving average of GBX 1,873.47. The company has a market capitalization of £5.32 billion, a price-to-earnings ratio of 2,329.55, a PEG ratio of 2.59 and a beta of 1.42. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 82.21.

Insider Activity

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.57), for a total transaction of £38,052.84 ($47,799.07). Insiders own 0.40% 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.