The Weir Group’s (WEIR) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of The Weir Group (LON:WEIR) in a research note issued to investors on Thursday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 3,230 target price on the stock.

Several other research firms also recently issued reports on WEIR. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,555 price objective on shares of The Weir Group in a research note on Wednesday. Citigroup lifted their price objective on The Weir Group from GBX 3,150 to GBX 3,200 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 target price for the company in a research report on Friday, May 1st. Finally, Shore Capital Group restated a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,375.

The Weir Group Price Performance

The Weir Group stock opened at GBX 2,636 on Thursday. The company has a debt-to-equity ratio of 91.54, a quick ratio of 1.16 and a current ratio of 2.55. The stock has a market capitalization of £6.84 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The Weir Group has a 52 week low of GBX 2,254 and a 52 week high of GBX 3,580. The stock has a fifty day moving average of GBX 2,448.69 and a 200-day moving average of GBX 2,819.03.

The Weir Group (LON:WEIR) last posted its earnings results on Wednesday, July 29th. The company reported GBX 54.60 EPS for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. On average, sell-side analysts expect that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

Insider Activity at The Weir Group

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