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

The Weir Group PLC (LON:WEIR) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 3,452.

Several brokerages have commented on WEIR. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,705 price objective on shares of The Weir Group in a report on Thursday, April 30th. Finally, Citigroup decreased their price objective on shares of The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating for the company in a report on Monday, May 11th.

Insider Buying and Selling

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

The Weir Group Trading Up 0.4%

Shares of WEIR opened at GBX 2,488 on Friday. The stock has a market capitalization of £6.46 billion, a P/E ratio of 26.16, a PEG ratio of 2.59 and a beta of 1.09. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56. The firm has a fifty day simple moving average of GBX 2,792.47 and a two-hundred day simple moving average of GBX 2,957.84. The Weir Group has a twelve month low of GBX 2,274 and a twelve month high of GBX 3,580.

The Weir Group (LON:WEIR) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. On average, research analysts anticipate that The Weir Group will post 136.0509554 EPS for the current 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.