The Weir Group PLC (LON:WEIR) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is positive: Eight of nine analysts rate The Weir Group a buy, while one recommends holding the stock, resulting in a consensus “Moderate Buy” rating. The average 12-month price target is GBX 3,408.33, above the GBX 2,768 opening price cited.
• The company reported quarterly EPS of GBX 54.60, with a 9.97% net margin and 13.45% return on equity; analysts expect full-year EPS of approximately GBX 136.05.
• Insiders recently bought shares: Penelope Anne Freer and Nick Anderson purchased a combined 2,370 shares for roughly £64,442, although corporate insiders own only 0.73% of the company.

Shares of The Weir Group PLC (LON:WEIR - Get Free Report) have earned an average rating of "Moderate Buy" from the nine research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 3,408.33.

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 3,230 price target on shares of The Weir Group in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed 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. Citigroup boosted their target price on The Weir Group from GBX 3,150 to GBX 3,200 and gave the stock a "buy" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 3,650 price target on shares of The Weir Group in a report on Wednesday, August 5th.

The Weir Group Stock Performance

LON:WEIR opened at GBX 2,768 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.55 and a debt-to-equity ratio of 91.54. The company has a market cap of £7.19 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.59 and a beta of 1.08. The Weir Group has a fifty-two week low of GBX 2,254 and a fifty-two week high of GBX 3,580. The firm's 50 day moving average is GBX 2,589.79 and its two-hundred day moving average is GBX 2,747.34.

The Weir Group (LON:WEIR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Analysts expect that The Weir Group will post 136.0509554 EPS for the current year.

Insider Buying and Selling at The Weir Group

In related news, insider Penelope Anne Freer purchased 900 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average cost of GBX 2,729 per share, for a total transaction of £24,561. Also, insider Nick Anderson acquired 1,470 shares of the business's stock in a transaction on Monday, August 17th. The stock was bought at an average cost of GBX 2,713 per share, for a total transaction of £39,881.10. 0.73% of the stock is owned by corporate insiders.

The Weir Group Company Profile

Founded in 1871, Weir is one of the world's leading engineering businesses with a purpose to make its mining and infrastructure customers' operations more sustainable and efficient. Weir's highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers' total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.

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