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

Shares of The Weir Group PLC (LON:WEIR) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,479.78.

Several research firms have recently commented on WEIR. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 4,000 price objective on shares of The Weir Group in a report on Thursday, March 5th. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a report on Thursday, March 5th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a report on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,705 price target on shares of The Weir Group in a report on Thursday, April 30th.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of GBX 3,098, for a total transaction of £792,468.40. 0.70% of the stock is owned by corporate insiders.

The Weir Group Trading Up 2.7%

LON WEIR opened at GBX 2,558 on Wednesday. The company has a market cap of £6.64 billion, a PE ratio of 26.90, a PEG ratio of 2.59 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 93.56. The Weir Group has a 12 month low of GBX 2,274 and a 12 month high of GBX 3,580. The stock has a 50 day moving average of GBX 2,995.86 and a 200-day moving average of GBX 2,996.65.

The Weir Group (LON:WEIR) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. On average, equities research analysts anticipate that The Weir Group will post 136.0509554 EPS for the current fiscal year.

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. 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.