Royal Bank Of Canada Reaffirms Outperform Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a report issued on Thursday,Digital Look reports. They presently have a GBX 3,175 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 8.43% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Weir Group from GBX 2,710 to GBX 3,010 and gave the stock a “buy” rating in a research note on Friday, August 1st. Citigroup restated a “buy” rating and issued a GBX 3,100 price objective on shares of The Weir Group in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on The Weir Group from GBX 2,950 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Peel Hunt reissued a “buy” rating and set a GBX 3,000 target price on shares of The Weir Group in a research note on Wednesday. Finally, Shore Capital reaffirmed a “hold” rating and set a GBX 2,750 price objective on shares of The Weir Group in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,089.17.

The Weir Group Price Performance

The Weir Group stock opened at GBX 2,928.07 on Thursday. 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 business has a 50 day simple moving average of GBX 2,733.21 and a 200-day simple moving average of GBX 2,556.36. The Weir Group has a 12 month low of GBX 1,875 and a 12 month high of GBX 3,008. The stock has a market capitalization of £7.60 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

Insider Buying and Selling

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

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.