The Weir Group (LON:WEIR) Price Target Raised to GBX 3,723

The Weir Group (LON:WEIR) had its target price hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 3,280 to GBX 3,723 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 20.33% from the company’s previous close.

A number of other brokerages have also weighed in on WEIR. JPMorgan Chase & Co. increased their price objective on The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a report on Thursday. Berenberg Bank boosted their target price on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a research report on Monday, November 10th. Royal Bank Of Canada reiterated a “buy” rating and set a GBX 4,000 price objective on shares of The Weir Group in a research note on Thursday. Citigroup increased their price target on The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 3,000 price target on shares of The Weir Group in a report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,474.71.

The Weir Group Stock Up 1.8%

Shares of WEIR stock traded up GBX 54 during trading hours on Thursday, reaching GBX 3,094. 1,931,662 shares of the company’s stock were exchanged, compared to its average volume of 5,878,496. The stock’s fifty day moving average price is GBX 3,213.37 and its two-hundred day moving average price is GBX 2,910.12. The stock has a market cap of £8.03 billion, a PE ratio of 26.09, a PEG ratio of 2.59 and a beta of 1.04. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 93.16. The Weir Group has a 1 year low of GBX 1,875 and a 1 year high of GBX 3,580.

The Weir Group (LON:WEIR) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 12.35% and a return on equity of 17.01%. Research analysts predict that The Weir Group will post 136.0509554 EPS for the current year.

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.