Weir Group PLC (LON:WEIR) Given Consensus Rating of “Buy” by Analysts

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Shares of Weir Group PLC (LON:WEIR) have been assigned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,800 ($23.52).

A number of equities research analysts have recently weighed in on WEIR shares. Liberum Capital reiterated a “buy” rating on shares of Weir Group in a research report on Tuesday, April 2nd. Citigroup restated a “buy” rating and set a GBX 1,950 ($25.48) price objective on shares of Weir Group in a research report on Monday, April 15th. UBS Group restated a “buy” rating on shares of Weir Group in a research report on Tuesday, May 28th. Barclays restated an “overweight” rating on shares of Weir Group in a research report on Tuesday, May 14th. Finally, Canaccord Genuity lowered their price objective on shares of Weir Group from GBX 1,850 ($24.17) to GBX 1,800 ($23.52) and set a “buy” rating for the company in a research report on Wednesday, March 27th.

Shares of LON WEIR remained flat at $GBX 1,498.50 ($19.58) during midday trading on Friday. 694,583 shares of the stock were exchanged, compared to its average volume of 1,360,000. The company has a debt-to-equity ratio of 65.31, a quick ratio of 0.56 and a current ratio of 1.30. Weir Group has a 52 week low of GBX 1,222.50 ($15.97) and a 52 week high of GBX 2,032 ($26.55). The company has a fifty day simple moving average of GBX 1,525.09. The stock has a market capitalization of $3.90 billion and a price-to-earnings ratio of 202.50.

In other Weir Group news, insider Graham Vanhegan sold 2,085 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of GBX 1,690 ($22.08), for a total transaction of £35,236.50 ($46,042.73).

Weir Group Company Profile

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.

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Analyst Recommendations for Weir Group (LON:WEIR)

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