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

Shares of The Weir Group PLC (LON:WEIR) have been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 3,474.71.

Several research analysts have recently issued reports on the stock. Berenberg Bank increased 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 report on Monday, November 10th. Citigroup boosted their target price on The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a report on Thursday, February 5th. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft increased their price target on The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. lifted their price target on 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.

The Weir Group Stock Performance

WEIR stock opened at GBX 3,012 on Tuesday. The company has a 50-day simple moving average of GBX 3,224.15 and a 200 day simple moving average of GBX 2,925.20. The company has a market capitalization of £7.82 billion, a P/E ratio of 25.40, a PEG ratio of 2.59 and a beta of 1.07. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56. The Weir Group has a fifty-two week low of GBX 1,875 and a fifty-two week high of GBX 3,580.

The Weir Group (LON:WEIR) last released its earnings results on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. Sell-side analysts predict that The Weir Group will post 136.0509554 earnings per share 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.