The Weir Group (LON:WEIR) Price Target Raised to GBX 3,300

The Weir Group (LON:WEIR) had its price objective hoisted by Citigroup from GBX 3,100 to GBX 3,300 in a report issued on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other analysts have also commented on WEIR. JPMorgan Chase & Co. lifted their price target on shares of The Weir Group from GBX 2,950 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Shore Capital reissued a “hold” rating and set a GBX 2,750 target price on shares of The Weir Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped 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 note on Friday, August 1st. Peel Hunt reissued a “buy” rating and set a GBX 3,000 price objective on shares of The Weir Group in a research report on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,175 price objective on shares of The Weir Group in a report on Thursday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, The Weir Group has an average rating of “Moderate Buy” and a consensus target price of GBX 3,089.17.

The Weir Group Trading Down 0.6%

Shares of WEIR opened at GBX 2,888 on Thursday. The Weir Group has a 12-month low of GBX 1,875 and a 12-month high of GBX 3,008. The firm has a market capitalization 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 firm has a 50-day moving average price of GBX 2,749.76 and a 200 day moving average price of GBX 2,566.92. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30.

Insider Activity

In other The Weir Group news, insider Brian Puffer purchased 280 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost 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 dated Tuesday, November 4th. The shares were acquired at an average cost 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.