Analysts Set The Weir Group PLC (LON:WEIR) Price Target at GBX 3,452

Shares of The Weir Group PLC (LON:WEIR) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 3,452.

A number of equities analysts have commented on the company. Citigroup cut The Weir Group to a “buy” rating in a research note on Friday, July 10th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a research note on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,705 target price on shares of The Weir Group in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th.

Insider Transactions at The Weir Group

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total value of £792,468.40. 0.73% of the stock is currently owned by company insiders.

The Weir Group Trading Down 0.2%

LON WEIR opened at GBX 2,500 on Monday. The Weir Group has a 1-year low of GBX 2,254 and a 1-year high of GBX 3,580. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 93.56. The stock has a 50-day moving average of GBX 2,426.50 and a 200-day moving average of GBX 2,840.86. The firm has a market cap of £6.49 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07.

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.