The Weir Group (LON:WEIR) Given New GBX 3,500 Price Target at Citigroup

The Weir Group (LON:WEIR) had its price objective trimmed by Citigroup from GBX 3,550 to GBX 3,500 in a research note published on Monday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

WEIR has been the subject of several other reports. Deutsche Bank Aktiengesellschaft upped their price objective on The Weir Group from GBX 3,280 to GBX 3,723 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Royal Bank Of Canada reissued a “buy” rating and issued a GBX 4,000 target price on shares of The Weir Group in a research report on Thursday, March 5th. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. upped their target price on The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a research report on Thursday, March 5th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Weir Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,446.14.

The Weir Group Trading Down 1.5%

LON:WEIR opened at GBX 3,050 on Monday. The stock has a 50-day simple moving average of GBX 3,133.19 and a 200-day simple moving average of GBX 2,981.91. The stock has a market cap of £7.92 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.59 and a beta of 1.17. The Weir Group has a 1 year low of GBX 2,118 and a 1 year high of GBX 3,580. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05.

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

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.