The Weir Group PLC (LON:WEIR) Receives GBX 2,976.67 Average Price Target from Analysts

Shares of The Weir Group PLC (LON:WEIR) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,089.17.

WEIR has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of 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. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,175 price target on shares of The Weir Group in a research report on Thursday. Shore Capital restated a “hold” rating and set a GBX 2,750 target price on shares of The Weir Group in a report on Wednesday. Peel Hunt reissued a “buy” rating and issued a GBX 3,000 price objective on shares of The Weir Group in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on The Weir Group from GBX 2,710 to GBX 3,010 and gave the stock a “buy” rating in a research note on Friday, August 1st.

Insiders Place Their Bets

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

The Weir Group Stock Down 0.6%

Shares of LON:WEIR opened at GBX 2,888 on Wednesday. The stock has a market cap of £7.50 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.59 and a beta of 1.41. The Weir Group has a 1-year low of GBX 1,875 and a 1-year high of GBX 3,008. The firm has a fifty day moving average price of GBX 2,749.76 and a 200 day moving average price of GBX 2,563.91. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16.

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.