Shore Capital Group Reaffirms “Hold” Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital Group in a research note issued on Wednesday, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the company. 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. JPMorgan Chase & Co. increased their price objective on shares of The Weir Group from GBX 3,300 to GBX 3,450 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Peel Hunt reissued 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. Berenberg Bank upped their price objective on The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Citigroup increased their target price on The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,474.71.

The Weir Group Price Performance

LON WEIR opened at GBX 3,094 on Wednesday. The company has a 50-day moving average price of GBX 3,218.21 and a 200-day moving average price of GBX 2,911.40. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,580. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56. The firm has a market capitalization of £8.03 billion, a P/E ratio of 26.09, a PEG ratio of 2.59 and a beta of 1.04.

The Weir Group (LON:WEIR) last announced its earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. Equities research analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current year.

The Weir Group News Roundup

Here are the key news stories impacting The Weir Group this week:

• Positive Sentiment: Multiple brokers raised targets and reiterated buys — Royal Bank of Canada reaffirmed a “buy” and set a GBX 4,000 target, JPMorgan bumped its target from GBX 3,450 to GBX 3,800 with a “buy”, and Deutsche Bank raised its target to GBX 3,723 (also “buy”). These upgrades boost near-term investor sentiment and provide upside guidance versus the stock’s current level. Digital Look London Stock Exchange Tickerreport
• Neutral Sentiment: Shore Capital reiterated a “hold” rating — this is a neutral anchor amid the bullish broker moves, indicating some analysts remain cautious on near-term catalysts. Digital Look London Stock Exchange
• Negative Sentiment: Quarterly results were mixed — the company reported GBX 123.80 EPS and solid margins/ROE, but revenue missed expectations and commentary flagged higher debt, which MarketWatch says overshadowed profit growth and prompted a share slump earlier. Elevated leverage (debt-to-equity reported ~93%) and the revenue shortfall are principal downside risks to watch. Weir Group Shares Slump — MarketWatch Earnings Transcript & Slide Deck

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.