Shore Capital Group Reiterates Hold Rating for The Weir Group (LON:WEIR)

The Weir Group (LON:WEIR)‘s stock had its “hold” rating reaffirmed by Shore Capital Group in a research note issued on Wednesday, MarketBeat.com reports.

Several other brokerages have also recently weighed in on WEIR. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,175 price target on shares of The Weir Group in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on The Weir Group from GBX 3,140 to GBX 3,280 and gave the company a “buy” rating in a research report on Monday, January 12th. Berenberg Bank boosted their price target on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. upped their price objective on The Weir Group from GBX 3,300 to GBX 3,450 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, Citigroup raised their price objective on The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a “buy” rating in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 3,243.57.

The Weir Group Stock Down 11.6%

Shares of WEIR traded down GBX 394 during midday trading on Wednesday, reaching GBX 3,008. 4,723,807 shares of the stock were exchanged, compared to its average volume of 6,016,079. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,580. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 93.16. The company’s 50 day moving average is GBX 3,209.02 and its two-hundred day moving average is GBX 2,909. The company has a market capitalization of £7.81 billion, a P/E ratio of 25.36, a PEG ratio of 2.59 and a beta of 1.04.

The Weir Group (LON:WEIR) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 earnings per share for the quarter. The Weir Group had a net margin of 12.35% and a return on equity of 17.01%. On average, sell-side analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current 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.