The Weir Group PLC (LON:WEIR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of The Weir Group PLC (LON:WEIR) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,452.

A number of brokerages recently weighed in on WEIR. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on 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. Panmure Gordon upgraded The Weir Group to a “buy” rating and set a GBX 3,490 price target for the company in a report on Friday, May 1st. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,705 price target on shares of The Weir Group in a report on Thursday, April 30th.

Insider Activity

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the stock in a transaction dated Monday, April 20th. The stock was 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 company insiders.

The Weir Group Stock Performance

Shares of LON:WEIR opened at GBX 2,357.67 on Thursday. The company has a market capitalization of £6.12 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 2.59 and a beta of 1.07. The firm’s 50 day simple moving average is GBX 2,608.66 and its 200 day simple moving average is GBX 2,900.67. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16. The Weir Group has a fifty-two week low of GBX 2,254 and a fifty-two week high of GBX 3,580.

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.