The Weir Group (LON:WEIR) Sets New 52-Week Low – Should You Sell?

The Weir Group PLC (LON:WEIR) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 2,344 and last traded at GBX 2,362, with a volume of 2851478 shares changing hands. The stock had previously closed at GBX 2,426.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WEIR. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a research report on Thursday, March 5th. Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 target price for the company in a research report on Friday, May 1st. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Royal Bank Of Canada restated a “buy” rating and set a GBX 4,000 price objective on shares of The Weir Group in a research report on Thursday, March 5th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,452.

The Weir Group Stock Performance

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 company’s 50-day moving average price is GBX 2,715.27 and its two-hundred day moving average price is GBX 2,928.14. The company has a market cap of £6.13 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09.

Insider Buying and Selling at The Weir Group

In other news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction dated 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.

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.