The Weir Group PLC (LON:WEIR – Get Free Report) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 3,408.33.
Several research firms recently issued reports on WEIR. Citigroup lifted their price target 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. Berenberg Bank restated a “buy” rating and set a GBX 3,650 target price on shares of The Weir Group in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,555 price target on shares of The Weir Group in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 3,230 price target on shares of The Weir Group in a report on Thursday, July 30th.
View Our Latest Stock Analysis on The Weir Group
Insider Activity at The Weir Group
The Weir Group Trading Down 2.7%
WEIR opened at GBX 2,768 on Tuesday. The firm’s 50 day moving average is GBX 2,589.79 and its 200-day moving average is GBX 2,747.34. The Weir Group has a 52-week low of GBX 2,254 and a 52-week 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 firm has a market capitalization of £7.19 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.59 and a beta of 1.08.
The Weir Group (LON:WEIR – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal year.
The Weir Group Company Profile
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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