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

The Weir Group PLC (LON:WEIR) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 3,452.

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating for the company in a research report on Monday, May 11th. Royal Bank Of Canada restated a “buy” rating and set a GBX 4,000 price target on shares of The Weir Group in a research report on Thursday, March 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,705 price target on shares of The Weir Group in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of 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.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total value of £792,468.40. 0.73% of the stock is currently owned by corporate insiders.

The Weir Group Stock Down 0.6%

Shares of LON:WEIR opened at GBX 2,484 on Thursday. The Weir Group has a 52-week low of GBX 2,254 and a 52-week high of GBX 3,580. The firm has a fifty day moving average of GBX 2,641.08 and a 200 day moving average of GBX 2,907.62. The firm has a market capitalization of £6.45 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05.

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. 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.