The Weir Group (LON:WEIR) Insider Buys 1,470 Shares of Stock

The Weir Group PLC (LON:WEIR) insider Nick Anderson bought 1,470 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of GBX 2,713 per share, for a total transaction of £39,881.10.

The Weir Group Stock Performance

LON:WEIR traded up GBX 24 during trading hours on Monday, reaching GBX 2,686. The company had a trading volume of 393,607 shares, compared to its average volume of 8,733,559. The firm has a market cap of £6.97 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.59 and a beta of 1.08. The company has a current ratio of 2.55, a quick ratio of 1.16 and a debt-to-equity ratio of 91.54. The firm’s 50 day moving average price is GBX 2,507.21 and its 200-day moving average price is GBX 2,784.11. The Weir Group PLC has a 52 week low of GBX 2,254 and a 52 week high of GBX 3,580.

The Weir Group (LON:WEIR) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share for the quarter. The Weir Group had a return on equity of 13.45% and a net margin of 9.97%. On average, analysts forecast that The Weir Group PLC will post 136.0509554 EPS for the current year.

Analysts Set New Price Targets

WEIR has been the subject of a number of research reports. Panmure Gordon upgraded The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Shore Capital Group restated a “hold” rating on shares of The Weir Group in a research note on Thursday, April 30th. Citigroup upped their price target on shares of The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,555 price objective on shares of The Weir Group in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Weir Group presently has an average rating of “Moderate Buy” and an average target price of GBX 3,408.33.

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.