The Weir Group’s (WEIR) Hold Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of The Weir Group (LON:WEIR) in a report published on Wednesday morning, Marketbeat Ratings reports. Shore Capital currently has a GBX 2,750 price target on the stock.

Several other analysts have also recently weighed in on WEIR. Citigroup reissued a “buy” rating and set a GBX 3,100 price target on shares of The Weir Group in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Weir Group from GBX 2,710 to GBX 3,010 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on The Weir Group from GBX 2,950 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, The Weir Group has an average rating of “Moderate Buy” and an average price target of GBX 2,976.67.

The Weir Group Price Performance

LON:WEIR opened at GBX 2,752.87 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The firm has a market cap of £7.15 billion, a P/E ratio of 23.21, a PEG ratio of 2.59 and a beta of 1.41. The Weir Group has a 52-week low of GBX 1,875 and a 52-week high of GBX 3,008. The business’s 50-day moving average price is GBX 2,733.21 and its 200 day moving average price is GBX 2,556.36.

Insider Transactions at The Weir Group

In related news, insider Brian Puffer purchased 280 shares of The Weir Group stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of GBX 2,874 per share, for a total transaction of £8,047.20. Also, insider Jon Stanton purchased 573 shares of The Weir Group stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of GBX 2,874 per share, for a total transaction of £16,468.02. Insiders own 0.70% of the company’s stock.

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.