The Weir Group PLC (LON:WEIR) Receives GBX 3,474.71 Average Price Target from Analysts

The Weir Group PLC (LON:WEIR) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-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 research reports. JPMorgan Chase & Co. lifted their target price on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a “buy” rating in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft upped their price target on The Weir Group from GBX 3,280 to GBX 3,723 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a research note on Wednesday, March 4th. Royal Bank Of Canada restated a “buy” rating and set a GBX 4,000 target price on shares of The Weir Group in a report on Thursday, March 5th. Finally, Citigroup lifted their price objective on shares of The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a “buy” rating in a report on Thursday, February 5th.

The Weir Group Stock Performance

Shares of The Weir Group stock opened at GBX 2,877.70 on Friday. The Weir Group has a one year low of GBX 1,875 and a one year high of GBX 3,580. The company has a market cap of £7.47 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.59 and a beta of 1.07. 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 business’s 50 day moving average price is GBX 3,155.91 and its 200 day moving average price is GBX 2,969.28.

The Weir Group (LON:WEIR) last issued its earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. On average, research analysts predict that The Weir Group will post 136.0509554 EPS for the current year.

About The Weir Group

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.