The Weir Group (LON:WEIR) Given “Buy” Rating at Jefferies Financial Group

The Weir Group (LON:WEIR)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 3,555 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 31.67% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Citigroup lowered The Weir Group to a “buy” rating in a research note on Friday, July 10th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped 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 note on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,435.33.

The Weir Group Trading Up 7.0%

LON:WEIR opened at GBX 2,700 on Wednesday. The Weir Group has a 52 week low of GBX 2,254 and a 52 week high of GBX 3,580. The firm has a 50 day moving average of GBX 2,435.61 and a 200 day moving average of GBX 2,823.47. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56. The stock has a market capitalization of £7.01 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 2.59 and a beta of 1.07.

The Weir Group (LON:WEIR) last released its earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. As a group, sell-side analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current fiscal 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.