The Weir Group (LON:WEIR) Given “Buy” Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of The Weir Group (LON:WEIR) in a research note published on Wednesday, Marketbeat.com reports. Peel Hunt currently has a GBX 3,000 price target on the stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on The Weir Group from GBX 2,950 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Citigroup restated 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. Deutsche Bank Aktiengesellschaft raised their price target on 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. Finally, Shore Capital restated a “hold” rating and set a GBX 2,750 price target on shares of The Weir Group in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,976.67.

The Weir Group Trading Down 4.4%

Shares of WEIR stock opened at GBX 2,752.87 on Wednesday. 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 1,875 and a 52-week high of GBX 3,008. The company has a market capitalization of £7.15 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The business’s fifty day moving average is GBX 2,733.21 and its 200 day moving average is GBX 2,556.36.

Insider Transactions at The Weir Group

In related news, insider Brian Puffer acquired 280 shares of The Weir Group stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of GBX 2,874 per share, with a total value of £8,047.20. Also, insider Jon Stanton acquired 573 shares of The Weir Group stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of GBX 2,874 per share, for a total transaction of £16,468.02. 0.70% of the stock is currently owned by company insiders.

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.