The Weir Group PLC (LON:WEIR) Receives GBX 3,186.43 Average PT from Brokerages

The Weir Group PLC (LON:WEIR) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 3,186.43.

WEIR has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 3,175 target price on shares of The Weir Group in a report on Thursday, November 6th. Citigroup increased their price objective on shares of The Weir Group from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Weir Group from GBX 3,140 to GBX 3,280 and gave the stock a “buy” rating in a research report on Monday, January 12th. Berenberg Bank boosted their target price on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. upped their target price on The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a report on Thursday, December 4th.

The Weir Group Trading Down 0.2%

LON WEIR opened at GBX 3,202 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The business has a fifty day simple moving average of GBX 2,889.16 and a 200 day simple moving average of GBX 2,747.35. The Weir Group has a 12 month low of GBX 1,875 and a 12 month high of GBX 3,230. The firm has a market capitalization of £8.31 billion, a P/E ratio of 27.00, a PEG ratio of 2.59 and a beta of 1.41.

Insiders Place Their Bets

In other The Weir Group news, insider Brian Puffer bought 280 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of GBX 2,874 per share, for a total transaction of £8,047.20. Also, insider Jon Stanton purchased 573 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average cost of GBX 2,874 per share, for a total transaction of £16,468.02. 0.70% of the stock is owned by corporate insiders.

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.