The Weir Group PLC (LON:WEIR) Given Average Rating of “Moderate Buy” by Brokerages

The Weir Group PLC (LON:WEIR) has earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 3,243.57.

A number of research firms have weighed in on WEIR. Peel Hunt reissued a “buy” rating and set a GBX 3,000 target price on shares of The Weir Group in a research report on Wednesday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank increased their price objective on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a research report on Monday, November 10th. Citigroup upped their price target on shares of The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on The Weir Group from GBX 3,140 to GBX 3,280 and gave the stock a “buy” rating in a report on Monday, January 12th.

The Weir Group Price Performance

Shares of WEIR opened at GBX 3,466 on Friday. The Weir Group has a 1 year low of GBX 1,875 and a 1 year high of GBX 3,550. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The company has a market capitalization of £9.00 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The business has a 50-day moving average of GBX 3,107.14 and a 200-day moving average of GBX 2,846.71.

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.