Citigroup Increases The Weir Group (LON:WEIR) Price Target to GBX 3,700

The Weir Group (LON:WEIR) had its price target boosted by stock analysts at Citigroup from GBX 3,300 to GBX 3,700 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 9.66% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 3,000 price target on shares of The Weir Group in a research report on Wednesday, November 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,175 price objective on shares of The Weir Group in a research note on Thursday, November 6th. Shore Capital Group reiterated a “hold” rating and set a GBX 2,750 target price on shares of The Weir Group in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on The Weir Group from GBX 3,140 to GBX 3,280 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Berenberg Bank raised their price target on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a research report on Monday, November 10th. Six 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 presently has an average rating of “Moderate Buy” and an average price target of GBX 3,243.57.

The Weir Group Price Performance

LON WEIR opened at GBX 3,374 on Thursday. The stock has a 50-day simple moving average of GBX 2,999.07 and a 200 day simple moving average of GBX 2,795.03. The Weir Group has a twelve month low of GBX 1,875 and a twelve month high of GBX 3,400. The stock has a market capitalization of £8.76 billion, a PE ratio of 28.45, a P/E/G ratio of 2.59 and a beta of 1.41. 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 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.