The Weir Group’s (WEIR) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of The Weir Group (LON:WEIR – Free Report) in a report released on Wednesday morning,Digital Look reports. The firm currently has a GBX 3,735 price objective on the stock.

Other analysts have also recently issued reports about the stock. Citigroup increased their target price on shares of The Weir Group from GBX 3,150 to GBX 3,200 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,230 price target on shares of The Weir Group in a report on Thursday, July 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,650 price target on shares of The Weir Group in a research report on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, The Weir Group has a consensus rating of “Moderate Buy” and an average target price of GBX 3,586.43.

Check Out Our Latest Stock Analysis on WEIR

The Weir Group Trading Down 2.2%

Shares of WEIR stock opened at GBX 2,357.67 on Wednesday. The Weir Group has a 12 month low of GBX 2,254 and a 12 month high of GBX 3,580. The company has a quick ratio of 1.16, a current ratio of 2.55 and a debt-to-equity ratio of 91.54. The business’s 50 day moving average is GBX 2,631.82 and its two-hundred day moving average is GBX 2,757.77. The company has a market cap of £6.12 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10.

Insider Buying and Selling at The Weir Group

In other news, insider Nick Anderson bought 1,470 shares of the stock in a transaction dated Monday, August 17th. The shares were bought at an average price of GBX 2,713 per share, for a total transaction of £39,881.10. 0.74% of the stock is owned by insiders.

About The Weir Group

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Founded in 1871, Weir is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.

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Analyst Recommendations for The Weir Group (LON:WEIR)

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