Jon Stanton Sells 25,580 Shares of The Weir Group (LON:WEIR) Stock

The Weir Group PLC (LON:WEIR) 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 transaction of £792,468.40.

Jon Stanton also recently made the following trade(s):

• On Monday, April 20th, Jon Stanton sold 7,292 shares of The Weir Group stock. The stock was sold at an average price of GBX 3,098, for a total transaction of £225,906.16.

The Weir Group Stock Down 1.0%

WEIR traded down GBX 32 on Tuesday, reaching GBX 3,058. The company’s stock had a trading volume of 679,238 shares, compared to its average volume of 12,273,079. The stock has a 50 day moving average of GBX 3,107.65 and a two-hundred day moving average of GBX 2,995.22. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56. The company has a market capitalization of £7.94 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.59 and a beta of 1.17. The Weir Group PLC has a fifty-two week low of GBX 2,118 and a fifty-two week high of GBX 3,580.

The Weir Group (LON:WEIR) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. As a group, analysts forecast that The Weir Group PLC will post 136.0509554 EPS for the current fiscal year.

Analysts Set New Price Targets

WEIR has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 4,000 price target on shares of The Weir Group in a research note on Thursday, March 5th. Citigroup decreased their target price on The Weir Group from GBX 3,550 to GBX 3,500 and set a “buy” rating for the company in a research report on Monday, April 13th. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research note on Wednesday, March 4th. JPMorgan Chase & Co. boosted their target price on The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on 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. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,446.14.

About The Weir Group

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.