Insider Buying: The Weir Group (LON:WEIR) Insider Purchases 1,470 Shares of Stock

Key Points

• Insider purchase: Weir Group director Nick Anderson bought 1,470 shares at GBX 2,713 each, for a total investment of approximately £39,881.
• Stock performance and fundamentals: Shares reached GBX 2,686, with a £6.97 billion market capitalization, while the company reported quarterly EPS of GBX 54.60 and a 9.97% net margin.
• Analyst outlook: The stock has a consensus “Moderate Buy” rating from analysts, with eight Buy ratings, one Hold rating, and an average price target of GBX 3,408.33—well above the trading price.

The Weir Group PLC (LON:WEIR - Get Free Report) insider Nick Anderson acquired 1,470 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of GBX 2,713 per share, with a total value of £39,881.10.

The Weir Group Price Performance

Shares of WEIR traded up GBX 24 during trading hours on Monday, reaching GBX 2,686. 393,607 shares of the company's stock traded hands, compared to its average volume of 8,733,559. The stock has a market cap of £6.97 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The company has a current ratio of 2.55, a quick ratio of 1.16 and a debt-to-equity ratio of 91.54. The firm's 50 day simple moving average is GBX 2,507.21 and its 200-day simple moving average is GBX 2,784.11. The Weir Group PLC has a 12 month low of GBX 2,254 and a 12 month high of GBX 3,580.

The Weir Group (LON:WEIR - Get Free Report) last released 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%. Equities analysts expect that The Weir Group PLC will post 136.0509554 EPS for the current year.

Analyst Upgrades and Downgrades

WEIR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an "overweight" rating in a report on Wednesday, June 24th. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,650 price objective on shares of The Weir Group in a report on Wednesday, August 5th. Citigroup lifted their price objective on The Weir Group from GBX 3,150 to GBX 3,200 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 3,230 target price on shares of The Weir Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 3,555 target price on shares of The Weir Group in a report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 3,408.33.

About The Weir Group

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.

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