Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for The Weir Group (LON:WEIR) Stock

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for The Weir Group (LON:WEIR) from GBX 2,710 to GBX 3,010, indicating a potential upside of 18.04% based on the previous closing price.
• Shore Capital has downgraded the stock to a "hold" rating with a price target of GBX 2,750, contrasting with four other analysts who maintain a "buy" rating.
• The Weir Group reported earnings of GBX 58.70 per share, with analysts expecting a total of 136.05 earnings per share for the current fiscal year.

The Weir Group (LON:WEIR - Get Free Report) had its price objective boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,710 ($35.80) to GBX 3,010 ($39.76) in a note issued to investors on Friday,Digital Look reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 18.04% from the company's previous close.

Separately, Shore Capital downgraded The Weir Group to a "hold" rating and set a GBX 2,750 ($36.33) price target on the stock. in a research note on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,642 ($34.90).

The Weir Group Trading Down 4.4%

WEIR opened at GBX 2,550 ($33.69) on Friday. The firm has a market cap of £6.57 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The Weir Group has a 12 month low of GBX 1,832 ($24.20) and a 12 month high of GBX 2,710.66 ($35.81). The stock has a fifty day moving average price of GBX 2,519.91 and a 200-day moving average price of GBX 2,382.91.

The Weir Group (LON:WEIR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported GBX 58.70 ($0.78) earnings per share for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. As a group, equities research 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.

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