Analysts Set The Weir Group PLC (LON:WEIR) Price Target at GBX 3,408.33

Shares of The Weir Group PLC (LON:WEIR) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 3,408.33.

Several brokerages have weighed in on WEIR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,230 price objective on shares of The Weir Group in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,555 target price on shares of The Weir Group in a research note on Wednesday, July 29th. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 price target for the company in a report on Friday, May 1st. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a report on Wednesday, June 24th.

The Weir Group Stock Performance

LON WEIR opened at GBX 2,654 on Friday. The company has a 50-day simple moving average of GBX 2,496.04 and a two-hundred day simple moving average of GBX 2,792.32. The Weir Group has a 12-month low of GBX 2,254 and a 12-month high of GBX 3,580. The firm has a market cap of £6.89 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.59 and a beta of 1.08. 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 Weir Group (LON:WEIR) last released its earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share for the quarter. The Weir Group had a return on equity of 13.45% and a net margin of 9.97%. On average, equities analysts forecast that The Weir Group will post 136.0509554 EPS for the current year.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Penelope Anne Freer purchased 900 shares of The Weir Group stock in a transaction that occurred on Wednesday, July 29th. The shares were bought at an average price of GBX 2,729 per share, for a total transaction of £24,561. 0.73% of the stock is currently owned by corporate insiders.

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.