The Weir Group PLC (LON:WEIR) Receives GBX 3,474.71 Average PT from Analysts

The Weir Group PLC (LON:WEIR) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 3,474.71.

Several analysts have recently commented on WEIR shares. Royal Bank Of Canada restated a “buy” rating and issued a GBX 4,000 target price on shares of The Weir Group in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft raised their target price on The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised their target price on The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a research note on Thursday, March 5th. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a research note on Wednesday, March 4th. Finally, Citigroup raised their target price on The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a “buy” rating in a research note on Thursday, February 5th.

The Weir Group Stock Performance

Shares of The Weir Group stock opened at GBX 3,054 on Friday. 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 business has a 50-day moving average price of GBX 3,143.17 and a two-hundred day moving average price of GBX 2,971.30. The Weir Group has a 1-year low of GBX 1,968 and a 1-year high of GBX 3,580. The company has a market cap of £7.93 billion, a P/E ratio of 32.11, a PEG ratio of 2.59 and a beta of 1.17.

The Weir Group (LON:WEIR) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. As a group, analysts anticipate that The Weir Group will post 136.0509554 EPS for the current year.

The Weir Group Company Profile

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.