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

Key Points

• The Weir Group PLC has received a consensus rating of "Moderate Buy" from five research firms, with one hold rating and four buy ratings.
• The average 12-month price target for the stock is GBX 2,642 ($35.08), following various target adjustments by several analysts.
• The company's stock is currently down 1.0%, opening at GBX 2,476 ($32.88) with a market capitalization of £6.38 billion.

Shares of The Weir Group PLC (LON:WEIR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 2,642 ($35.08).

Several analysts have issued reports on the company. Shore Capital cut The Weir Group to a "hold" rating and set a GBX 2,750 ($36.52) target price for the company. in a report on Thursday. Citigroup restated a "buy" rating and issued a GBX 3,100 ($41.16) target price on shares of The Weir Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on The Weir Group from GBX 2,710 ($35.98) to GBX 3,010 ($39.97) and gave the company a "buy" rating in a report on Friday.

The Weir Group Stock Down 1.0%

The Weir Group stock opened at GBX 2,476 ($32.88) on Monday. The stock has a market capitalization of £6.38 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The Weir Group has a 12 month low of GBX 1,832 ($24.33) and a 12 month high of GBX 2,710.66 ($35.99). The business has a 50 day simple moving average of GBX 2,523.23 and a 200-day simple moving average of GBX 2,387.09. 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 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) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. On average, analysts anticipate that The Weir Group will post 136.0509554 EPS 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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