The Weir Group PLC (LON:WEIR) Stock Has Consensus Target Price of GBX 3,408.33

Shares of The Weir Group PLC (LON:WEIR) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,408.33.

Several analysts have issued reports on WEIR shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,230 price objective on shares of The Weir Group in a research note on Thursday, July 30th. Berenberg Bank reissued a “buy” rating and set a GBX 3,650 price target on shares of The Weir Group in a research report on Wednesday, August 5th. Citigroup raised their price objective on The Weir Group from GBX 3,150 to GBX 3,200 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,555 target price on shares of The Weir Group in a research note on Wednesday, July 29th.

The Weir Group Price Performance

Shares of LON WEIR opened at GBX 2,606 on Wednesday. The Weir Group has a fifty-two week low of GBX 2,254 and a fifty-two week high of GBX 3,580. The business has a 50 day moving average price of GBX 2,673.42 and a two-hundred day moving average price of GBX 2,777.70. The company has a quick ratio of 1.16, a current ratio of 2.55 and a debt-to-equity ratio of 91.54. The firm has a market cap of £6.77 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09.

The Weir Group (LON:WEIR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Sell-side analysts expect that The Weir Group will post 136.05 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nick Anderson bought 1,470 shares of the business’s stock in a transaction on Monday, August 17th. The shares were bought at an average cost of GBX 2,713 per share, for a total transaction of £39,881.10. Company insiders own 0.74% of the company’s stock.

The Weir Group Company Profile

Founded in 1871, Weir is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.