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

Shares of The Weir Group PLC (LON:WEIR) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,408.33.

Several brokerages recently weighed in on WEIR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,230 target price on shares of The Weir Group in a report on Thursday, July 30th. Citigroup boosted their price objective on The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a research report on Thursday, July 30th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,650 price objective on shares of The Weir Group in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on 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. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,555 target price on shares of The Weir Group in a report on Wednesday, July 29th.

The Weir Group Stock Performance

LON WEIR opened at GBX 2,632 on Friday. The company has a 50-day simple moving average of GBX 2,691.30 and a two-hundred day simple moving average of GBX 2,655.39. 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 £6.83 billion, a price-to-earnings ratio of 25.85, 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 quarterly earnings data on Wednesday, July 29th. The company reported GBX 54.60 EPS 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 bought 900 shares of The Weir Group stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average cost of GBX 2,729 per share, with a total value of £24,561. Also, insider Nick Anderson bought 1,470 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of GBX 2,713 per share, with a total value of £39,881.10. 0.73% of the stock is currently owned by insiders.

The Weir Group Company Profile

Founded in 1871, Weir is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.