The Weir Group (LON:WEIR) Earns Buy Rating from Peel Hunt

The Weir Group (LON:WEIR)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 3,000 target price on the stock. Peel Hunt’s price target suggests a potential upside of 5.56% from the stock’s previous close.

Several other research firms have also recently weighed in on WEIR. Citigroup restated a “buy” rating and issued a GBX 3,100 price objective on shares of The Weir Group in a research report on Monday, August 4th. Shore Capital reissued a “hold” rating and set a GBX 2,750 price objective on shares of The Weir Group in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on The Weir Group from GBX 2,950 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of 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. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Weir Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,976.67.

The Weir Group Price Performance

The Weir Group stock opened at GBX 2,842 on Wednesday. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,008. The firm has a market cap of £7.38 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The business’s fifty day moving average is GBX 2,727.23 and its two-hundred day moving average is GBX 2,554.97.

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.