The Weir Group (LON:WEIR) Stock Rating Upgraded by Panmure Gordon

The Weir Group (LON:WEIR) was upgraded by investment analysts at Panmure Gordon to a “buy” rating in a research report issued on Friday,London Stock Exchange reports. The brokerage currently has a GBX 3,490 price objective on the stock. Panmure Gordon’s price target suggests a potential upside of 37.36% from the stock’s current price.

WEIR has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada reiterated a “buy” rating and issued a GBX 4,000 price objective on shares of The Weir Group in a research note on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,705 price objective on shares of The Weir Group in a research note on Thursday. Finally, Citigroup dropped their price objective on shares of The Weir Group from GBX 3,550 to GBX 3,500 and set a “buy” rating for the company in a research note on Monday, April 13th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, The Weir Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,479.78.

The Weir Group Stock Performance

LON WEIR opened at GBX 2,540.75 on Friday. The firm has a 50-day moving average of GBX 3,015.38 and a 200-day moving average of GBX 2,996.43. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.16 and a current ratio of 2.05. The stock has a market cap of £6.60 billion, a PE ratio of 26.72, a P/E/G ratio of 2.59 and a beta of 1.17. The Weir Group has a 52-week low of GBX 2,274 and a 52-week high of GBX 3,580.

The Weir Group (LON:WEIR) last issued its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 earnings per share for the quarter. The Weir Group had a net margin of 9.63% and a return on equity of 13.42%. On average, sell-side analysts anticipate that The Weir Group will post 136.0509554 EPS for the current year.

Insider Buying and Selling

In other The Weir Group news, insider Jon Stanton sold 25,580 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of GBX 3,098, for a total value of £792,468.40. 0.70% of the stock is currently owned by corporate insiders.

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.