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

The Weir Group PLC (LON:WEIR) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 3,452.

A number of equities research analysts recently weighed in on WEIR shares. Jefferies Financial Group restated a “buy” rating and set a GBX 3,705 price objective on shares of The Weir Group in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Citigroup lowered shares of The Weir Group to a “buy” rating in a report on Friday. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 target price on the stock in a research report on Friday, May 1st. Finally, Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th.

The Weir Group Stock Performance

LON WEIR opened at GBX 2,390 on Monday. The firm’s fifty day moving average price is GBX 2,436.14 and its two-hundred day moving average price is GBX 2,855.34. The stock has a market cap of £6.20 billion, a PE ratio of 25.13, a PEG ratio of 2.59 and a beta of 1.07. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05. The Weir Group has a fifty-two week low of GBX 2,254 and a fifty-two week high of GBX 3,580.

Insider Activity at The Weir Group

In other news, insider Jon Stanton sold 25,580 shares of The Weir Group stock in a transaction on Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total transaction of £792,468.40. Company insiders own 0.73% of the company’s stock.

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.