The Weir Group PLC (LON:WEIR) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• The Weir Group received a “Moderate Buy” consensus rating from nine brokerages, with eight buys and one hold. The average 12-month price target is GBX 3,408.33, implying upside from the GBX 2,700 opening price.
• Several analysts recently raised or reaffirmed their targets, including JPMorgan, which lifted its price target to GBX 3,800 and maintained an “overweight” rating.
• The company reported quarterly earnings of GBX 54.60 per share, with a 9.97% net margin and 13.45% return on equity; an insider also purchased 900 shares for approximately £24,561.

Shares of The Weir Group PLC (LON:WEIR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 3,408.33.

A number of analysts recently commented on WEIR shares. JPMorgan Chase & Co. boosted their target price on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an "overweight" rating in a research report on Wednesday, June 24th. Panmure Gordon upgraded The Weir Group to a "buy" rating and set a GBX 3,490 price target on the stock in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 3,230 price objective on shares of The Weir Group in a research note on Thursday, July 30th. Citigroup upped their target price 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. Finally, Shore Capital Group reiterated a "hold" rating on shares of The Weir Group in a report on Thursday, April 30th.

Insiders Place Their Bets

In other The Weir Group news, insider Penelope Anne Freer acquired 900 shares of the stock in a transaction on Wednesday, July 29th. The shares were purchased at an average price of GBX 2,729 per share, for a total transaction of £24,561. Insiders own 0.73% of the company's stock.

The Weir Group Trading Up 0.1%

LON:WEIR opened at GBX 2,700 on Friday. 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 stock has a market capitalization of £7.01 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.59 and a beta of 1.07. The firm has a fifty day simple moving average of GBX 2,465.62 and a two-hundred day simple moving average of GBX 2,807.15. The Weir Group 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 posted its quarterly 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 9.97% and a return on equity of 13.45%. Analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal year.

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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