Analysts Set The Weir Group PLC (LON:WEIR) Target Price at GBX 3,474.71

Shares of The Weir Group PLC (LON:WEIR) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 3,474.71.

WEIR has been the subject of several analyst reports. Citigroup upped their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price target on The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. raised their price objective on The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a GBX 4,000 price objective on shares of The Weir Group in a research report on Thursday, March 5th. Finally, Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research note on Wednesday, March 4th.

The Weir Group Price Performance

Shares of LON WEIR opened at GBX 2,976 on Tuesday. The firm has a market cap of £7.73 billion, a P/E ratio of 25.09, a PEG ratio of 2.59 and a beta of 1.07. The Weir Group has a twelve month low of GBX 1,875 and a twelve month high of GBX 3,580. 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 company has a 50 day moving average of GBX 3,233.37 and a 200 day moving average of GBX 2,929.62.

The Weir Group (LON:WEIR) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. As a group, research analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal 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.