The Weir Group (LON:WEIR) Given Buy Rating at Deutsche Bank Aktiengesellschaft

The Weir Group (LON:WEIR)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday,Digital Look reports. They presently have a GBX 3,230 target price on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 16.19% from the stock’s previous close.

Several other research firms have also recently weighed in on WEIR. Jefferies Financial Group restated a “buy” rating and set a GBX 3,555 price target on shares of The Weir Group in a report on Wednesday. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Citigroup upped their price target on shares of The Weir Group from GBX 3,150 to GBX 3,200 and gave the company a “buy” rating in a research report on Thursday. Finally, Panmure Gordon upgraded shares of The Weir Group to a “buy” rating and set a GBX 3,490 price target on the stock in a report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,375.

The Weir Group Trading Up 1.3%

LON WEIR opened at GBX 2,780 on Thursday. The company has a market cap of £7.22 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The Weir Group has a twelve month low of GBX 2,254 and a twelve month high of GBX 3,580. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56. The business’s fifty day moving average is GBX 2,439.81 and its 200 day moving average is GBX 2,822.04.

The Weir Group (LON:WEIR) last issued its 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 13.42% and a net margin of 9.63%. As a group, sell-side analysts expect that The Weir Group will post 136.0509554 EPS for the current fiscal year.

Insider Activity

In related news, insider Penelope Anne Freer acquired 900 shares of the stock in a transaction dated Wednesday, July 29th. The stock was bought at an average price of GBX 2,729 per share, for a total transaction of £24,561. Insiders own 0.73% of the company’s stock.

More The Weir Group News

Here are the key news stories impacting The Weir Group this week:

• Positive Sentiment: Revenue and orders increased in the first half, indicating continued demand for Weir’s engineered mining and minerals-processing equipment and supporting the company’s growth outlook. Revenue, orders rise in first half at Weir Group
• Positive Sentiment: Weir reported quarterly earnings per share of GBX 54.60, alongside a 9.63% net margin and 13.42% return on equity. The results reinforce the company’s profitability, while analysts expect full-year EPS of approximately GBX 136.05. The Weir Group earnings report
• Positive Sentiment: Citigroup raised its price target from GBX 3,150 to GBX 3,200 and assigned a “buy” rating. Jefferies also reaffirmed its “buy” recommendation with a GBX 3,555 target, adding to a generally bullish analyst view. Digital Look broker views
• Positive Sentiment: Director Penelope Anne Freer purchased 900 WEIR shares at an average GBX 2,729, investing £24,561. The transaction may be viewed as a sign of management confidence in the company’s valuation and prospects. Insider buying at The Weir Group
• Neutral Sentiment: Analyst sentiment is broadly favorable, with eight “buy” ratings and one “hold,” and an average price target of GBX 3,435.33. However, Weir trades at a relatively elevated valuation, with a price-to-earnings ratio near 29, which could limit upside if growth slows.

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.