Deutsche Bank Aktiengesellschaft Issues Positive Forecast for The Weir Group (LON:WEIR) Stock Price

The Weir Group (LON:WEIR) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 3,140 to GBX 3,280 in a report released on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on WEIR. Peel Hunt restated a “buy” rating and set a GBX 3,000 price objective on shares of The Weir Group in a report on Wednesday, November 5th. Shore Capital reissued a “hold” rating and issued a GBX 2,750 price target on shares of The Weir Group in a research report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,175 price target on shares of The Weir Group in a research note on Thursday, November 6th. Berenberg Bank upped their price objective on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Citigroup lifted their price objective on shares of The Weir Group from GBX 3,100 to GBX 3,300 and gave the company a “buy” rating in a report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,186.43.

The Weir Group Stock Performance

Shares of The Weir Group stock opened at GBX 3,045.82 on Monday. The business has a 50-day simple moving average of GBX 2,848.18 and a 200 day simple moving average of GBX 2,713.19. The Weir Group has a one year low of GBX 1,875 and a one year high of GBX 3,058. 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 firm has a market capitalization of £7.91 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.59 and a beta of 1.41.

Insider Buying and Selling at The Weir Group

In other news, insider Jon Stanton bought 573 shares of the stock in a transaction dated 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. Also, insider Brian Puffer purchased 280 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average cost of GBX 2,874 per share, for a total transaction of £8,047.20. 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. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.