The Weir Group (LON:WEIR) Given New GBX 3,010 Price Target at Deutsche Bank Aktiengesellschaft

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 target increased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,710 ($36.02) to GBX 3,010 ($40.01) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 21.47% from the stock's current price.

Separately, Shore Capital downgraded shares of The Weir Group to a "hold" rating and set a GBX 2,750 ($36.55) price target for the company. in a report on Thursday, July 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, The Weir Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,718.33 ($36.13).

The Weir Group Trading Down 0.3%

LON WEIR traded down GBX 8 ($0.11) during mid-day trading on Friday, hitting GBX 2,478 ($32.93). The company's stock had a trading volume of 1,117,982 shares, compared to its average volume of 1,445,942. The Weir Group has a 52-week low of GBX 1,852 ($24.61) and a 52-week high of GBX 2,710.66 ($36.03). The stock's fifty day simple moving average is GBX 2,526.23 and its two-hundred day simple moving average is GBX 2,388.30. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The firm has a market capitalization of £6.38 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 58.70 ($0.78) earnings per share (EPS) for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. Research analysts expect that The Weir Group will post 136.0509554 EPS 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.