The Weir Group (LON:WEIR) Announces Earnings Results

The Weir Group (LON:WEIR) announced its quarterly earnings results on Thursday. The company reported GBX 58.70 ($0.78) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%.

The Weir Group Price Performance

WEIR stock opened at GBX 2,502 ($33.21) on Friday. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The company has a market capitalization of £6.44 billion, a P/E ratio of 29.40, a PEG ratio of 2.59 and a beta of 1.41. The business has a 50 day simple moving average of GBX 2,523.23 and a 200-day simple moving average of GBX 2,385.22. The Weir Group has a twelve month low of GBX 1,832 ($24.32) and a twelve month high of GBX 2,710.66 ($35.98).

Analysts Set New Price Targets

WEIR has been the topic of several recent analyst reports. Shore Capital lowered shares of The Weir Group to a “hold” rating and set a GBX 2,750 ($36.50) price target on the stock. in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Weir Group from GBX 2,710 ($35.97) to GBX 3,010 ($39.95) and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, The Weir Group has an average rating of “Moderate Buy” and a consensus target price of GBX 2,642 ($35.07).

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.