Analysts Set The Weir Group PLC (LON:WEIR) PT at GBX 3,243.57

Shares of The Weir Group PLC (LON:WEIR) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,243.57.

Several equities analysts have commented on WEIR shares. Citigroup increased their target price on shares of The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Peel Hunt reiterated a “buy” rating and set a GBX 3,000 price target on shares of The Weir Group in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 3,175 target price on shares of The Weir Group in a research report on Thursday, November 6th. Finally, Shore Capital Group 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.

The Weir Group Stock Performance

LON:WEIR opened at GBX 3,463.40 on Friday. The company has a 50-day moving average of GBX 3,061.74 and a 200-day moving average of GBX 2,825.76. The firm has a market cap of £8.99 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The Weir Group has a twelve month low of GBX 1,875 and a twelve month high of GBX 3,550.

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. 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.