Shore Capital Downgrades The Weir Group (LON:WEIR) to Hold

The Weir Group (LON:WEIR) was downgraded by Shore Capital to a “hold” rating in a research note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 2,750 ($36.50) price target on the stock. Shore Capital’s price target points to a potential upside of 9.91% from the company’s previous close.

The Weir Group Stock Down 6.2%

Shares of LON WEIR opened at GBX 2,502 ($33.21) on Thursday. The stock has a market cap of £6.44 billion, a P/E ratio of 29.40, a P/E/G ratio of 2.59 and a beta of 1.41. The firm has a 50 day moving average price of GBX 2,523.23 and a 200 day moving average price of GBX 2,385.22. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The Weir Group has a 52-week low of GBX 1,832 ($24.32) and a 52-week high of GBX 2,710.66 ($35.98).

The Weir Group (LON:WEIR) last announced its earnings results on Thursday, July 31st. The company reported GBX 58.70 ($0.78) EPS for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. Analysts expect that The Weir Group will post 136.0509554 EPS for the current year.

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.