The Weir Group PLC (LON:WEIR) Given Consensus Rating of “Moderate Buy” by Analysts

The Weir Group PLC (LON:WEIR) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 3,452.

WEIR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a research report on Friday, May 1st. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 4,000 price objective on shares of The Weir Group in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. upped their target price on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a research note on Wednesday.

Insider Buying and Selling

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

The Weir Group Trading Down 1.4%

The Weir Group stock opened at GBX 2,362 on Thursday. The Weir Group has a 52 week low of GBX 2,254 and a 52 week high of GBX 3,580. The firm has a market capitalization of £6.13 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 2.59 and a beta of 1.07. 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 company has a 50 day moving average price of GBX 2,580.74 and a 200 day moving average price of GBX 2,893.75.

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.