The Weir Group PLC (LON:WEIR) Receives GBX 2,642 Consensus PT from Analysts

The Weir Group PLC (LON:WEIR) has received an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,772.

Several brokerages have issued reports on WEIR. Deutsche Bank Aktiengesellschaft upped their target price on The Weir Group from GBX 2,710 ($36.20) to GBX 3,010 ($40.21) and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup restated a “buy” rating and issued a GBX 3,100 ($41.41) price objective on shares of The Weir Group in a report on Monday. Finally, Shore Capital lowered shares of The Weir Group to a “hold” rating and set a GBX 2,750 ($36.74) price objective on the stock. in a report on Thursday, July 31st.

The Weir Group Price Performance

Shares of WEIR stock opened at GBX 2,486.87 ($33.22) on Monday. The company’s 50-day simple moving average is GBX 2,528.27 and its two-hundred day simple moving average is GBX 2,388.92. The Weir Group has a one year low of GBX 1,873 ($25.02) and a one year high of GBX 2,710.66 ($36.21). The company has a market capitalization of £6.40 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16.

The Weir Group (LON:WEIR) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 58.70 ($0.78) earnings per share (EPS) for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. As a group, equities analysts anticipate 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.