The Weir Group’s (WEIR) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of The Weir Group (LON:WEIR) in a research report sent to investors on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 3,650 target price on the stock.

A number of other research firms have also commented on WEIR. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a research report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,555 price objective on shares of The Weir Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,230 target price on shares of The Weir Group in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,408.33.

The Weir Group Trading Up 1.0%

Shares of WEIR stock opened at GBX 2,722 on Wednesday. The stock’s fifty day simple moving average is GBX 2,471.14 and its 200 day simple moving average is GBX 2,806.55. The Weir Group has a twelve month low of GBX 2,254 and a twelve month high of GBX 3,580. The firm has a market capitalization of £7.07 billion, a P/E ratio of 26.74, a P/E/G ratio of 2.59 and a beta of 1.07. 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 Weir Group (LON:WEIR) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share for the quarter. The Weir Group had a return on equity of 13.45% and a net margin of 9.97%. As a group, sell-side analysts predict that The Weir Group will post 136.0509554 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Penelope Anne Freer purchased 900 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of GBX 2,729 per share, with a total value of £24,561. 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.