Analysts Set The Weir Group PLC (LON:WEIR) Price Target at GBX 3,147.86

Shares of The Weir Group PLC (LON:WEIR) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 3,147.86.

A number of equities analysts have weighed in on the company. Berenberg Bank boosted their target price on The Weir Group from GBX 2,700 to GBX 3,350 and gave the stock a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. boosted their price objective on shares of The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a report on Thursday, December 4th. Shore Capital restated a “hold” rating and set a GBX 2,750 price objective on shares of The Weir Group in a research report on Wednesday, November 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,175 target price on shares of The Weir Group in a research report on Thursday, November 6th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 3,000 target price on shares of The Weir Group in a research note on Wednesday, November 5th.

Insiders Place Their Bets

In other news, insider Brian Puffer bought 280 shares of the stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of GBX 2,874 per share, with a total value of £8,047.20. Also, insider Jon Stanton bought 573 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of GBX 2,874 per share, for a total transaction of £16,468.02. 0.70% of the stock is currently owned by corporate insiders.

The Weir Group Stock Down 0.5%

WEIR stock opened at GBX 2,838 on Thursday. The stock has a market capitalization of £7.37 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The Weir Group has a 1-year low of GBX 1,875 and a 1-year high of GBX 3,008. The business has a fifty day moving average price of GBX 2,852.10 and a 200-day moving average price of GBX 2,682.42.

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.