The Weir Group (LON:WEIR) Price Target Raised to GBX 3,280

The Weir Group (LON:WEIR) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,140 to GBX 3,280 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.69% from the stock’s previous close.

A number of other equities research analysts have also weighed in on WEIR. Berenberg Bank lifted their price objective on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a report on Monday, November 10th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,175 target price on shares of The Weir Group in a report on Thursday, November 6th. JPMorgan Chase & Co. lifted their target price on The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 3,000 price target on shares of The Weir Group in a research report on Wednesday, November 5th. Finally, Shore Capital reiterated a “hold” rating and issued a GBX 2,750 price target on shares of The Weir Group in a research note on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,186.43.

The Weir Group Trading Up 0.9%

WEIR stock traded up GBX 27.82 during mid-day trading on Monday, reaching GBX 3,045.82. 3,953,043 shares of the stock traded hands, compared to its average volume of 3,939,414. The Weir Group has a one year low of GBX 1,875 and a one year high of GBX 3,058. The stock has a market capitalization of £7.91 billion, a PE ratio of 25.68, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The business has a 50-day moving average price of GBX 2,845.66 and a two-hundred day moving average price of GBX 2,709.19.

Insider Buying and Selling at The Weir Group

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

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.