The Weir Group (LON:WEIR) Rating Reiterated by JPMorgan Chase & Co.

The Weir Group (LON:WEIR)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, MarketBeat.com reports. They presently have a GBX 2,075 ($26.06) target price on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 2.42% from the company’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,188.75 ($27.49).

The Weir Group Stock Performance

Shares of WEIR opened at GBX 2,026 ($25.45) on Tuesday. The Weir Group has a 1 year low of GBX 1,652.50 ($20.76) and a 1 year high of GBX 2,094 ($26.30). The stock has a market capitalization of £5.26 billion, a P/E ratio of 2,302.27, a P/E/G ratio of 2.59 and a beta of 1.42. The company has a debt-to-equity ratio of 82.21, a quick ratio of 1.16 and a current ratio of 2.04. The company’s fifty day moving average is GBX 1,977.78 and its two-hundred day moving average is GBX 1,876.38.

Insiders Place Their Bets

In related news, insider Graham Vanhegan sold 1,869 shares of The Weir Group stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.57), for a total value of £38,052.84 ($47,799.07). 0.40% of the stock is currently owned by insiders.

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.