The Weir Group (LON:WEIR) Price Target Raised to GBX 3,800

The Weir Group (LON:WEIR) had its price objective lifted by JPMorgan Chase & Co. from GBX 3,450 to GBX 3,800 in a report released on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

WEIR has been the subject of a number of other reports. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a GBX 4,000 price target on shares of The Weir Group in a research report on Thursday. Citigroup increased their price target 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. Berenberg Bank lifted their price objective on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 3,000 price objective on shares of The Weir Group in a research note on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 3,474.71.

The Weir Group Stock Down 2.1%

WEIR opened at GBX 3,029.08 on Thursday. The Weir Group has a twelve month low of GBX 1,875 and a twelve month high of GBX 3,580. The company’s 50-day moving average price is GBX 3,221.75 and its two-hundred day moving average price is GBX 2,918.70. The stock has a market cap of £7.86 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.59 and a beta of 1.07. 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 Weir Group (LON:WEIR) last issued its quarterly 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%. As a group, equities analysts expect that The Weir Group will post 136.0509554 earnings per share for the current 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.