Shares of The Weir Group PLC (LON:WEIR – Get Rating) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,930.71 ($23.33).
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of The Weir Group from GBX 2,020 ($24.41) to GBX 1,650 ($19.94) and set an “overweight” rating on the stock in a research note on Friday, July 1st. Barclays reissued an “overweight” rating and set a GBX 1,980 ($23.92) price objective on shares of The Weir Group in a research note on Tuesday, August 9th. Finally, Shore Capital reissued a “buy” rating on shares of The Weir Group in a research note on Thursday, July 28th.
The Weir Group Price Performance
Shares of LON WEIR opened at GBX 1,490 ($18.00) on Friday. The Weir Group has a 1 year low of GBX 1,321 ($15.96) and a 1 year high of GBX 1,936.50 ($23.40). The company has a debt-to-equity ratio of 86.10, a current ratio of 1.92 and a quick ratio of 1.16. The company’s 50-day moving average is GBX 1,501.73 and its 200 day moving average is GBX 1,559.77. The stock has a market capitalization of £3.87 billion and a P/E ratio of 2,365.08.
The Weir Group Increases Dividend
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 slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.
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