The Weir Group (LON:WEIR) Given New GBX 3,700 Price Target at Citigroup

The Weir Group (LON:WEIR) had its price target boosted by Citigroup from GBX 3,300 to GBX 3,700 in a research note released on Thursday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

WEIR has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,000 price target on shares of The Weir Group in a report on Wednesday, November 5th. Shore Capital restated a “hold” rating and issued a GBX 2,750 target price on shares of The Weir Group in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on The Weir Group from GBX 3,140 to GBX 3,280 and gave the stock a “buy” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on shares of The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 3,175 price objective on shares of The Weir Group in a report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, The Weir Group currently has an average rating of “Moderate Buy” and an average price target of GBX 3,243.57.

The Weir Group Stock Up 1.0%

Shares of WEIR opened at GBX 3,374 on Thursday. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The company has a 50-day simple moving average of GBX 2,987.03 and a 200-day simple moving average of GBX 2,790.12. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,400. The firm has a market capitalization of £8.76 billion, a P/E ratio of 28.45, a P/E/G ratio of 2.59 and a beta of 1.41.

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.