The Weir Group (LON:WEIR) Sets New 52-Week Low – Should You Sell?

The Weir Group PLC (LON:WEIR) reached a new 52-week low during trading on Monday . The company traded as low as GBX 2,344 and last traded at GBX 2,362, with a volume of 2851478 shares trading hands. The stock had previously closed at GBX 2,426.

Analysts Set New Price Targets

A number of research firms have commented on WEIR. Royal Bank Of Canada reissued a “buy” rating and set a GBX 4,000 target price on shares of The Weir Group in a report on Thursday, March 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,705 target price on shares of The Weir Group in a report on Thursday, April 30th. Citigroup dropped their target price on shares of The Weir Group from GBX 3,500 to GBX 3,250 and set a “buy” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,452.

The Weir Group Stock Performance

The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05. The stock’s fifty day moving average is GBX 2,715.27 and its two-hundred day moving average is GBX 2,928.14. The firm has a market cap of £6.13 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.59 and a beta of 1.09.

Insider Transactions at The Weir Group

In related news, insider Jon Stanton sold 25,580 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total value of £792,468.40. 0.73% of the stock is owned by corporate insiders.

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.