The Weir Group (LON:WEIR) Stock Rating Reaffirmed by Shore Capital

The Weir Group (LON:WEIR)‘s stock had its “buy” rating restated by analysts at Shore Capital in a research report issued on Tuesday, Marketbeat Ratings reports.

WEIR has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 2,075 ($26.96) target price on shares of The Weir Group in a research note on Tuesday, April 30th. Berenberg Bank dropped their price objective on The Weir Group from GBX 2,600 ($33.78) to GBX 2,450 ($31.83) and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada boosted their target price on The Weir Group from GBX 2,475 ($32.16) to GBX 2,500 ($32.48) and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 2,301.25 ($29.90).

The Weir Group Trading Down 0.8 %

Shares of WEIR stock traded down GBX 15 ($0.19) on Tuesday, reaching GBX 1,918 ($24.92). The company had a trading volume of 517,834 shares, compared to its average volume of 815,141. The stock has a market cap of £4.98 billion, a PE ratio of 2,256.47, a PEG ratio of 2.59 and a beta of 1.40. The company has a 50-day moving average of GBX 1,968.69 and a 200-day moving average of GBX 1,979.86. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85. The Weir Group has a 12 month low of GBX 1,652.50 ($21.47) and a 12 month high of GBX 2,210.25 ($28.72).

About The Weir Group

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.