The Weir Group (LON:WEIR) Insider Purchases £24,561 in Stock

The Weir Group PLC (LON:WEIR) insider Penelope Anne Freer bought 900 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was purchased at an average price of GBX 2,729 per share, with a total value of £24,561.

The Weir Group Stock Performance

Shares of WEIR stock traded up GBX 168 on Wednesday, hitting GBX 2,692. 7,392,554 shares of the stock traded hands, compared to its average volume of 9,454,562. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16. The company has a market capitalization of £6.99 billion, a PE ratio of 28.31, a PEG ratio of 2.59 and a beta of 1.07. The Weir Group PLC has a 1-year low of GBX 2,254 and a 1-year high of GBX 3,580. The company’s fifty day moving average is GBX 2,435.61 and its 200 day moving average is GBX 2,823.47.

The Weir Group (LON:WEIR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (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 predict that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WEIR shares. JPMorgan Chase & Co. raised their target price on shares of 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. Panmure Gordon upgraded The Weir Group to a “buy” rating and set a GBX 3,490 price target on the stock in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,555 price target on shares of The Weir Group in a research report on Wednesday. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. Finally, Citigroup downgraded The Weir Group to a “buy” rating in a research note on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, The Weir Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,435.33.

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.