The Weir Group (LON:WEIR) Earns Hold Rating from Shore Capital Group

The Weir Group (LON:WEIR)‘s stock had its “hold” rating reissued by research analysts at Shore Capital Group in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Several other research firms have also issued reports on WEIR. Deutsche Bank Aktiengesellschaft raised their price objective on The Weir Group from GBX 3,140 to GBX 3,280 and gave the company a “buy” rating in a research note on Monday, January 12th. Citigroup raised their price target on The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Berenberg Bank boosted their price objective on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 3,000 price target on shares of The Weir Group in a research note on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Weir Group has a consensus rating of “Moderate Buy” and an average price target of GBX 3,243.57.

The Weir Group Price Performance

WEIR stock traded down GBX 394 during trading on Wednesday, hitting GBX 3,008. 4,723,807 shares of the company’s stock traded hands, compared to its average volume of 6,016,079. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,580. The stock has a market capitalization of £7.81 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 2.59 and a beta of 1.04. The business has a fifty day simple moving average of GBX 3,209.02 and a 200 day simple moving average of GBX 2,909. The company has a debt-to-equity ratio of 93.16, a quick ratio of 1.16 and a current ratio of 2.09.

The Weir Group (LON:WEIR) last announced its earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 12.35% and a return on equity of 17.01%. As a group, research 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.