The Weir Group’s (WEIR) “Buy” Rating Reaffirmed at Jefferies Financial Group

The Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 3,735 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 54.88% from the stock’s current price.

A number of other research firms have also issued reports on WEIR. Berenberg Bank reissued a “buy” rating and set a GBX 3,650 price target on shares of The Weir Group in a report on Wednesday, August 5th. Citigroup boosted their price target on The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,230 price objective on shares of The Weir Group in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,428.33.

The Weir Group Trading Down 8.3%

LON WEIR opened at GBX 2,411.60 on Wednesday. The firm’s fifty day moving average is GBX 2,662 and its two-hundred day moving average is GBX 2,767.85. The Weir Group has a one year low of GBX 2,254 and a one year high of GBX 3,580. The company has a debt-to-equity ratio of 91.54, a quick ratio of 1.16 and a current ratio of 2.55. The firm has a market cap of £6.26 billion, a PE ratio of 23.69, a P/E/G ratio of 2.59 and a beta of 1.09.

Insider Buying and Selling at The Weir Group

In other news, insider Nick Anderson purchased 1,470 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of GBX 2,713 per share, for a total transaction of £39,881.10. 0.74% of the stock is currently owned by insiders.

About The Weir Group

Founded in 1871, Weir is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.