The Weir Group (LON:WEIR) Price Target Raised to GBX 3,280 at Deutsche Bank Aktiengesellschaft

The Weir Group (LON:WEIR) had its target price upped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 3,140 to GBX 3,280 in a research note issued on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 7.69% from the stock’s current price.

Several other analysts also recently commented on WEIR. Berenberg Bank lifted their target price on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a report on Monday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 3,000 price objective on shares of The Weir Group in a research note on Wednesday, November 5th. Shore Capital reaffirmed a “hold” rating and set a GBX 2,750 price target on shares of The Weir Group in a report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,175 target price on shares of The Weir Group in a research note on Thursday, November 6th. Finally, Citigroup lifted their price target on The Weir Group from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, The Weir Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,186.43.

The Weir Group Stock Up 0.9%

WEIR stock traded up GBX 27.82 during mid-day trading on Monday, reaching GBX 3,045.82. The company had a trading volume of 3,953,043 shares, compared to its average volume of 3,939,414. The company has a market capitalization of £7.91 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The stock has a 50 day simple moving average of GBX 2,845.66 and a two-hundred day simple moving average of GBX 2,709.19. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,058.

Insider Buying and Selling

In other The Weir Group news, insider Brian Puffer acquired 280 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of GBX 2,874 per share, with a total value of £8,047.20. Also, insider Jon Stanton bought 573 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of GBX 2,874 per share, for a total transaction of £16,468.02. Corporate insiders own 0.70% of the company’s stock.

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.