The Weir Group PLC (LON:WEIR) Stock Has Consensus Target Price of GBX 3,408.33

The Weir Group PLC (LON:WEIR) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, 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 objective among brokers that have issued a report on the stock in the last year is GBX 3,408.33.

WEIR has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective 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. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,650 target price on shares of The Weir Group in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,555 target price on shares of The Weir Group in a research note on Wednesday, July 29th. Citigroup raised their target price on The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,230 price target on shares of The Weir Group in a research report on Thursday, July 30th.

The Weir Group Stock Performance

LON:WEIR opened at GBX 2,572 on Wednesday. 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 firm has a market capitalization of £6.68 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 2.59 and a beta of 1.09. The firm’s fifty day simple moving average is GBX 2,689.22 and its 200 day simple moving average is GBX 2,627.95. The Weir Group has a twelve month low of GBX 2,254 and a twelve month high of GBX 3,580.

The Weir Group (LON:WEIR) last announced 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%. As a group, equities research analysts expect that The Weir Group will post 136.05 earnings per share for the current fiscal year.

Insider Activity at The Weir Group

In other news, insider Penelope Anne Freer acquired 900 shares of the stock in a transaction on Wednesday, July 29th. The stock was bought at an average price of GBX 2,729 per share, with a total value of £24,561. Also, insider Nick Anderson acquired 1,470 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of GBX 2,713 per share, for a total transaction of £39,881.10. 0.74% of the stock is owned by company insiders.

About The Weir Group

Founded in 1871, Weir is one of the world’s leading engineering businesses with a purpose to make its mining and infrastructure customers’ operations more sustainable and efficient. Weir’s highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers’ total cost of ownership. Weir is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition.