The Weir Group (LON:WEIR) Price Target Raised to GBX 3,723

The Weir Group (LON:WEIR) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 3,280 to GBX 3,723 in a report published on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a report on Thursday. Berenberg Bank upped their price objective on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a research note on Monday, November 10th. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a report on Wednesday. Citigroup raised their target price 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. Finally, Royal Bank Of Canada restated a “buy” rating and set a GBX 4,000 price target on shares of The Weir Group in a report on Thursday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Weir Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,474.71.

The Weir Group Stock Performance

LON:WEIR opened at GBX 3,029.08 on Thursday. 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 has a fifty-two week low of GBX 1,875 and a fifty-two week high of GBX 3,580. The firm has a market cap of £7.86 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The business has a 50 day moving average price of GBX 3,221.75 and a 200-day moving average price of GBX 2,918.70.

The Weir Group (LON:WEIR) last issued its 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%. Equities research analysts predict 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.