Brian Puffer Buys 280 Shares of The Weir Group (LON:WEIR) Stock

The Weir Group PLC (LON:WEIR) insider Brian Puffer bought 280 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of GBX 2,874 per share, for a total transaction of £8,047.20.

The Weir Group Stock Performance

The Weir Group stock traded down GBX 46 during midday trading on Wednesday, hitting GBX 2,834. 3,005,323 shares of the company were exchanged, compared to its average volume of 1,499,264. The firm has a market capitalization of £7.36 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The Weir Group PLC has a fifty-two week low of GBX 1,875 and a fifty-two week high of GBX 3,008. The business has a fifty day simple moving average of GBX 2,727.23 and a two-hundred day simple moving average of GBX 2,554.97. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on The Weir Group from GBX 2,710 to GBX 3,010 and gave the company a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on The Weir Group from GBX 2,950 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Citigroup reissued a “buy” rating and issued a GBX 3,100 price objective on shares of The Weir Group in a report on Monday, August 4th. Shore Capital reissued a “hold” rating and issued a GBX 2,750 price objective on shares of The Weir Group in a report on Wednesday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 3,000 price objective on shares of The Weir Group in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, The Weir Group has a consensus rating of “Moderate Buy” and an average target price of GBX 2,976.67.

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.