The Weir Group’s (WEIR) “Hold” Rating Reaffirmed at Shore Capital

The Weir Group (LON:WEIR)‘s stock had its “hold” rating reaffirmed by equities researchers at Shore Capital in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 2,750 price objective on the stock. Shore Capital’s price objective indicates a potential downside of 3.24% from the company’s current price.

Several other analysts also recently weighed in on WEIR. JPMorgan Chase & Co. boosted their price target on shares of The Weir Group from GBX 2,950 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Weir Group from GBX 2,710 to GBX 3,010 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Citigroup restated a “buy” rating and set a GBX 3,100 target price on shares of The Weir Group in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,976.67.

The Weir Group Trading Down 1.3%

WEIR stock opened at GBX 2,842 on Wednesday. The company has a market capitalization of £7.38 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The Weir Group has a one year low of GBX 1,875 and a one year high of GBX 3,008. The company’s 50 day moving average price is GBX 2,727.23 and its two-hundred day moving average price is GBX 2,554.97.

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.