The Weir Group (LON:WEIR – Free Report) had its target price raised by Citigroup from GBX 3,150 to GBX 3,200 in a research report released on Thursday,Digital Look reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,555 price objective on shares of The Weir Group in a research note on Wednesday. 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. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Finally, Panmure Gordon upgraded The Weir Group to a “buy” rating and set a GBX 3,490 price target for the company in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,375.
View Our Latest Stock Analysis on WEIR
The Weir Group Trading Down 2.5%
The Weir Group (LON:WEIR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. As a group, sell-side analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Penelope Anne Freer acquired 900 shares of the stock in a transaction on Wednesday, July 29th. The shares were purchased at an average cost of GBX 2,729 per share, for a total transaction of £24,561. Corporate insiders own 0.73% 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.
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