Peel Hunt Reaffirms “Buy” Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR – Get Rating)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 1,950 ($23.53) target price on the stock. Peel Hunt’s price target would suggest a potential downside of 3.08% from the stock’s current price.

A number of other brokerages have also recently weighed in on WEIR. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,900 ($22.93) price objective on shares of The Weir Group in a report on Monday, December 5th. The Goldman Sachs Group began coverage on shares of The Weir Group in a research note on Monday, February 13th. They issued a “buy” rating for the company. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a research note on Wednesday, November 2nd. Finally, Barclays reissued an “overweight” rating and issued a GBX 1,980 ($23.89) price objective on shares of The Weir Group in a research note on Friday, November 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,024.29 ($24.43).

The Weir Group Stock Performance

Shares of LON:WEIR opened at GBX 2,012 ($24.28) on Wednesday. The company has a market cap of £5.22 billion, a price-to-earnings ratio of 3,045.45, a price-to-earnings-growth ratio of 2.59 and a beta of 1.55. The company has a 50-day moving average price of GBX 1,784.89 and a 200-day moving average price of GBX 1,654.46. The company has a current ratio of 1.92, a quick ratio of 1.16 and a debt-to-equity ratio of 86.10. The Weir Group has a 12 month low of GBX 1,312 ($15.83) and a 12 month high of GBX 2,062 ($24.88).

The Weir Group Company Profile

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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.