The Weir Group PLC (LON:WEIR) Receives GBX 3,186.43 Consensus PT from Brokerages

The Weir Group PLC (LON:WEIR) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 3,186.43.

Several analysts recently issued reports on WEIR shares. Peel Hunt reiterated a “buy” rating and issued a GBX 3,000 price target on shares of The Weir Group in a report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,175 price objective on shares of The Weir Group in a research note on Thursday, November 6th. Shore Capital reiterated a “hold” rating and issued a GBX 2,750 target price on shares of The Weir Group in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on The Weir Group from GBX 3,140 to GBX 3,280 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. upped their price target on The Weir Group from GBX 3,300 to GBX 3,450 and gave the stock an “overweight” rating in a report on Thursday, December 4th.

The Weir Group Price Performance

The Weir Group stock opened at GBX 3,110.04 on Monday. The firm has a fifty day moving average of GBX 2,874.28 and a 200-day moving average of GBX 2,739.37. The Weir Group has a 52-week low of GBX 1,875 and a 52-week high of GBX 3,132. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The firm has a market capitalization of £8.07 billion, a P/E ratio of 26.22, a PEG ratio of 2.59 and a beta of 1.41.

Insider Buying and Selling at The Weir Group

In other news, insider Brian Puffer bought 280 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of GBX 2,874 per share, for a total transaction of £8,047.20. Also, insider Jon Stanton acquired 573 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of GBX 2,874 per share, for a total transaction of £16,468.02. 0.70% of the stock is currently owned by corporate insiders.

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.