The Weir Group PLC (LON:WEIR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Weir Group PLC (LON:WEIR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 3,452.

Several equities analysts have recently issued reports on WEIR shares. JPMorgan Chase & Co. boosted 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. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 price target on the stock in a research report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,705 price objective on shares of The Weir Group in a research note on Thursday, April 30th. Citigroup cut shares of The Weir Group to a “buy” rating in a report on Friday, July 10th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th.

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The Weir Group Trading Down 0.2%

LON WEIR opened at GBX 2,476 on Monday. The Weir Group has a 12 month low of GBX 2,254 and a 12 month high of GBX 3,580. The stock has a 50-day simple moving average of GBX 2,426.50 and a 200 day simple moving average of GBX 2,840.88. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 93.56. The company has a market capitalization of £6.43 billion, a PE ratio of 26.04, a P/E/G ratio of 2.59 and a beta of 1.07.

The Weir Group Company Profile

(Get Free Report)

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.

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