The Weir Group’s (WEIR) “Buy” Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Jefferies Financial Group restated their buy rating on shares of The Weir Group (LON:WEIR – Free Report) in a research note published on Wednesday morning,Digital Look reports. They currently have a GBX 3,555 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup cut shares of The Weir Group to a “buy” rating in a research report on Friday, July 10th. Panmure Gordon raised shares of The Weir Group to a “buy” rating and set a GBX 3,490 price target on the stock in a research note on Friday, May 1st. Shore Capital Group reissued a “hold” rating on shares of The Weir Group in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,375.

Check Out Our Latest Analysis on WEIR

The Weir Group Price Performance

Shares of WEIR stock opened at GBX 2,636 on Wednesday. The stock’s fifty day moving average is GBX 2,448.69 and its 200-day moving average is GBX 2,819.03. The company has a debt-to-equity ratio of 91.54, a quick ratio of 1.16 and a current ratio of 2.55. The stock has a market capitalization of £6.84 billion, a PE ratio of 27.72, a PEG ratio of 2.59 and a beta of 1.07. The Weir Group has a 52 week low of GBX 2,254 and a 52 week high of GBX 3,580.

The Weir Group (LON:WEIR – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 13.45% and a net margin of 9.97%. Equities research analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal year.

Insider Transactions at The Weir Group

In other news, insider Penelope Anne Freer purchased 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were acquired at an average price of GBX 2,729 per share, for a total transaction of £24,561. 0.73% of the stock is currently owned by corporate insiders.

About The Weir Group

(Get Free Report)

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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