The Weir Group (LON:WEIR) Insider Purchases £24,561 in Stock

The Weir Group PLC (LON:WEIR) insider Penelope Anne Freer purchased 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was bought at an average price of GBX 2,729 per share, for a total transaction of £24,561.

The Weir Group Trading Down 2.5%

WEIR opened at GBX 2,636 on Friday. The Weir Group PLC has a twelve month low of GBX 2,254 and a twelve month high of GBX 3,580. The company has a 50-day simple moving average of GBX 2,448.69 and a 200 day simple moving average of GBX 2,819.03. The company has a quick ratio of 1.16, a current ratio of 2.55 and a debt-to-equity ratio of 91.54. The stock has a market capitalization of £6.84 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 2.59 and a beta of 1.07.

The Weir Group (LON:WEIR) last announced 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%. Analysts predict that The Weir Group PLC will post 136.0509554 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WEIR shares. 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. Shore Capital Group reaffirmed a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,555 price target on shares of The Weir Group in a report on Wednesday. Finally, Panmure Gordon upgraded The Weir Group to a “buy” rating and set a GBX 3,490 price objective for the company in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,375.

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.