Jefferies Financial Group Reiterates “Buy” Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report released on Thursday,Digital Look reports. They presently have a GBX 3,705 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 40.55% from the company’s previous close.

Several other analysts have also commented on WEIR. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a report on Wednesday, March 4th. Citigroup lowered their price objective on shares of The Weir Group from GBX 3,550 to GBX 3,500 and set a “buy” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada reiterated a “buy” rating and set a GBX 4,000 target price on shares of The Weir Group in a report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, The Weir Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,478.50.

The Weir Group Stock Down 4.6%

WEIR traded down GBX 128 on Thursday, hitting GBX 2,636. The company had a trading volume of 7,289,586 shares, compared to its average volume of 12,150,263. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16. The Weir Group has a 52-week low of GBX 2,244 and a 52-week high of GBX 3,580. The stock has a fifty day simple moving average of GBX 3,034.23 and a 200-day simple moving average of GBX 2,999.84. The firm has a market capitalization of £6.84 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.59 and a beta of 1.17.

The Weir Group (LON:WEIR) last issued its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. As a group, equities analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal year.

Insider Buying and Selling at The Weir Group

In related news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total transaction of £792,468.40. 0.70% of the stock is owned by company insiders.

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.