JPMorgan Chase & Co. Boosts The Weir Group (LON:WEIR) Price Target to GBX 3,300

The Weir Group (LON:WEIR) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from GBX 2,950 to GBX 3,300 in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.38% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Weir Group from GBX 2,710 to GBX 3,010 and gave the company a “buy” rating in a research report on Friday, August 1st. Citigroup reaffirmed a “buy” rating and set a GBX 3,100 price target on shares of The Weir Group in a research report on Monday, August 4th. Finally, Shore Capital cut shares of The Weir Group to a “hold” rating and set a GBX 2,750 price target on the stock. in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,972.

The Weir Group Stock Performance

Shares of LON WEIR opened at GBX 2,860 on Wednesday. The company has a market cap of £7.42 billion, a PE ratio of 2,411.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The Weir Group has a 12 month low of GBX 1,875 and a 12 month high of GBX 2,862. 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 company has a 50-day simple moving average of GBX 2,577.55 and a 200-day simple moving average of GBX 2,459.83.

The Weir Group (LON:WEIR) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 58.70 EPS for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. On average, equities analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current year.

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.