The Weir Group’s (WEIR) “Buy” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their buy rating on shares of The Weir Group (LON:WEIR) in a research note published on Thursday, Marketbeat.com reports. Royal Bank Of Canada currently has a GBX 4,000 price objective on the stock.

Several other research analysts have also issued reports on the company. Berenberg Bank raised their target price on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. upped their price target on The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Peel Hunt reissued a “buy” rating and issued a GBX 3,000 price target on shares of The Weir Group in a research note on Wednesday, November 5th. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on The Weir Group from GBX 3,140 to GBX 3,280 and gave the stock a “buy” rating in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 3,474.71.

The Weir Group Trading Down 2.1%

Shares of LON WEIR opened at GBX 3,029.08 on Thursday. The firm has a 50 day moving average price of GBX 3,221.75 and a two-hundred day moving average price of GBX 2,918.70. The stock has a market cap of £7.86 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. 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 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 issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 123.80 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 forecast that The Weir Group will post 136.0509554 EPS 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.