Insider Buying: The Weir Group (LON:WEIR) Insider Buys £39,881.10 in Stock

The Weir Group PLC (LON:WEIR) insider Nick Anderson purchased 1,470 shares of the business’s stock in a transaction on Monday, August 17th. The shares were acquired at an average price of GBX 2,713 per share, for a total transaction of £39,881.10.

The Weir Group Stock Up 2.1%

Shares of WEIR opened at GBX 2,639.55 on Thursday. The stock has a market capitalization of £6.85 billion, a PE ratio of 25.93, a P/E/G ratio of 2.59 and a beta of 1.08. The Weir Group PLC has a 1 year low of GBX 2,254 and a 1 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 company’s 50-day simple moving average is GBX 2,519.72 and its 200-day simple moving average is GBX 2,774.92.

The Weir Group (LON:WEIR) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 54.60 EPS for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Analysts forecast that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 3,650 price target on shares of The Weir Group in a research report on Wednesday, August 5th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price objective on the stock in a research report on Friday, May 1st. Citigroup increased their price objective on The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,230 target price on shares of The Weir Group in a report on Thursday, July 30th. Finally, Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 3,408.33.

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.