The Weir Group (LON:WEIR) Insider Buys £16,468.02 in Stock

The Weir Group PLC (LON:WEIR) insider Jon Stanton bought 573 shares of the company’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, with a total value of £16,468.02.

The Weir Group Trading Down 0.6%

WEIR opened at GBX 2,888 on Friday. The Weir Group PLC has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,008. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The business has a fifty day simple moving average of GBX 2,749.76 and a 200-day simple moving average of GBX 2,563.91. The firm has a market cap of £7.50 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.59 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WEIR shares. Shore Capital restated a “hold” rating and set a GBX 2,750 target price on shares of The Weir Group in a report on Wednesday. Peel Hunt reaffirmed a “buy” rating and set a GBX 3,000 target price on shares of The Weir Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Weir Group from GBX 2,710 to GBX 3,010 and gave the company a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on The Weir Group from GBX 2,950 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Citigroup boosted their target price on The Weir Group from GBX 3,100 to GBX 3,300 and gave the stock a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, The Weir Group has a consensus rating of “Moderate Buy” and an average price target of GBX 3,089.17.

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.