Brokerages Set The Weir Group PLC (LON:WEIR) PT at GBX 1,524


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Shares of The Weir Group PLC (LON:WEIR) have received an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,524 ($19.91).

A number of research firms have weighed in on WEIR. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a research report on Thursday, April 29th. Barclays upped their price target on shares of The Weir Group from GBX 2,000 ($26.13) to GBX 2,350 ($30.70) and gave the stock an “overweight” rating in a research report on Wednesday, January 13th. Royal Bank of Canada upped their target price on shares of The Weir Group from GBX 2,190 ($28.61) to GBX 2,470 ($32.27) and gave the stock an “outperform” rating in a research report on Wednesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered shares of The Weir Group to a “hold” rating and dropped their target price for the stock from GBX 2,100 ($27.44) to GBX 2,000 ($26.13) in a research report on Thursday, March 4th. Finally, Morgan Stanley upgraded shares of The Weir Group to an “overweight” rating and upped their target price for the stock from GBX 1,730 ($22.60) to GBX 2,200 ($28.74) in a research report on Monday, February 8th.

In other The Weir Group news, insider S (Venkat) Venkatakrishnan bought 250 shares of the company’s stock in a transaction on Wednesday, March 3rd. The shares were bought at an average cost of GBX 1,956 ($25.56) per share, for a total transaction of £4,890 ($6,388.82). Also, insider John Heasley sold 2,117 shares of the stock in a transaction dated Friday, April 30th. The stock was sold at an average price of GBX 1,941 ($25.36), for a total transaction of £41,090.97 ($53,685.62).

LON WEIR traded down GBX 64.50 ($0.84) during trading hours on Tuesday, hitting GBX 1,852.50 ($24.20). 809,395 shares of the company’s stock traded hands, compared to its average volume of 746,659. The business’s fifty day moving average price is GBX 1,859.83 and its two-hundred day moving average price is GBX 1,840.58. The company has a current ratio of 2.61, a quick ratio of 1.20 and a debt-to-equity ratio of 103.14. The firm has a market capitalization of £4.81 billion and a P/E ratio of -32.44. The Weir Group has a 52 week low of GBX 829.80 ($10.84) and a 52 week high of GBX 2,130 ($27.83).

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets. The ESCO segment provides ground engaging tools for surface mining and infrastructure.

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Analyst Recommendations for The Weir Group (LON:WEIR)

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