The Weir Group PLC (LON:WEIR) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

The Weir Group PLC (LON:WEIR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,408.33.

A number of research firms have recently issued reports on WEIR. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,555 price objective on shares of The Weir Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 3,230 target price on shares of The Weir Group in a research note on Thursday, July 30th. Berenberg Bank restated 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. Citigroup lifted their price target on 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. Finally, JPMorgan Chase & Co. upped their price objective on The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a report on Wednesday, June 24th.

Check Out Our Latest Stock Report on WEIR

Insider Transactions at The Weir Group

In other news, insider Nick Anderson bought 1,470 shares of the business’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of GBX 2,713 per share, with a total value of £39,881.10. Also, insider Penelope Anne Freer purchased 900 shares of The Weir Group stock in a transaction on Wednesday, July 29th. The shares were acquired at an average price of GBX 2,729 per share, for a total transaction of £24,561. Company insiders own 0.73% of the company’s stock.

The Weir Group Trading Up 0.5%

Shares of WEIR opened at GBX 2,632 on Friday. The Weir Group has a 1-year low of GBX 2,254 and a 1-year high of GBX 3,580. The company has a market capitalization of £6.83 billion, a P/E ratio of 25.85, a P/E/G ratio of 2.59 and a beta of 1.08. The company has a debt-to-equity ratio of 91.54, a current ratio of 2.55 and a quick ratio of 1.16. The firm’s 50 day simple moving average is GBX 2,691.30 and its 200 day simple moving average is GBX 2,655.39.

The Weir Group (LON:WEIR – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 EPS for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Sell-side analysts forecast that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

The Weir Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Weir Group (LON:WEIR)

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