The Weir Group PLC (LON:WEIR) Given Average Rating of “Moderate Buy” by Brokerages

The Weir Group PLC (LON:WEIR) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 3,452.

A number of research firms recently commented on WEIR. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,705 target price on shares of The Weir Group in a research report on Thursday, April 30th. Citigroup dropped their target price on shares of The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating on the stock in a research report on Monday, May 11th. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a GBX 4,000 target price on shares of The Weir Group in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. increased their target price 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.

Insider Activity at The Weir Group

In other news, insider Jon Stanton sold 25,580 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total transaction of £792,468.40. Insiders own 0.70% of the company’s stock.

The Weir Group Trading Down 0.1%

Shares of LON:WEIR opened at GBX 2,426 on Friday. The Weir Group has a 52 week low of GBX 2,378 and a 52 week high of GBX 3,580. The company’s 50 day moving average is GBX 2,759.83 and its two-hundred day moving average is GBX 2,947.28. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 93.56. The company has a market cap of £6.30 billion, a PE ratio of 25.51, a P/E/G ratio of 2.59 and a beta of 1.09.

The Weir Group (LON:WEIR) last posted 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%. Equities 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.