The Weir Group (LON:WEIR) Lowered to Buy Rating by Citigroup

Citigroup lowered shares of The Weir Group (LON:WEIR) to a buy rating in a report published on Friday morning, Marketbeat.com reports.

Other equities research analysts have also issued research reports about the stock. Panmure Gordon upgraded shares of 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 reiterated a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,705 price objective on shares of The Weir Group in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, The Weir Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,452.

The Weir Group Stock Up 0.3%

LON:WEIR opened at GBX 2,370 on Friday. The Weir Group has a 1-year low of GBX 2,254 and a 1-year high of GBX 3,580. The company has a 50-day moving average of GBX 2,436.14 and a 200 day moving average of GBX 2,855.34. The firm has a market cap of £6.15 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the business’s 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 company 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.