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

Key Points

• "Moderate Buy" consensus from seven brokerages (six buys, one hold) with an average 12‑month price target of GBX 3,474.71.
• Several analysts recently raised targets — including Royal Bank of Canada (GBX 4,000), JPMorgan (GBX 3,800), Citigroup (GBX 3,700) and Deutsche Bank (GBX 3,723) — signaling upgraded expectations for the stock.
• Shares opened at GBX 2,877.70, inside a 12‑month range of GBX 1,875–3,580, with a market cap of £7.47bn and a P/E of 24.26.

The Weir Group PLC (LON:WEIR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 3,474.71.

WEIR has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a "buy" rating and set a GBX 4,000 price objective on shares of The Weir Group in a research note on Thursday, March 5th. Shore Capital Group reaffirmed a "hold" rating on shares of The Weir Group in a research report on Wednesday, March 4th. Citigroup increased their target price on The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a "buy" rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the company a "buy" rating in a report on Thursday, March 5th.

The Weir Group Stock Performance

Shares of WEIR stock opened at GBX 2,877.70 on Friday. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16. The company's fifty day moving average price is GBX 3,163.15 and its two-hundred day moving average price is GBX 2,962.33. The firm has a market capitalization of £7.47 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.59 and a beta of 1.07. The Weir Group has a 12 month low of GBX 1,875 and a 12 month high of GBX 3,580.

The Weir Group (LON:WEIR - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported GBX 123.80 earnings per share for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. On average, 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. 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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