The Weir Group (LON:WEIR) Given Buy Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of The Weir Group (LON:WEIR) in a research report report published on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 4,000 price target on the stock.

Several other equities analysts have also issued reports on WEIR. Citigroup upped their price target on The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a “buy” rating in a research note on Thursday, February 5th. Peel Hunt reissued a “buy” rating and set a GBX 3,000 price objective on shares of The Weir Group in a report on Wednesday, November 5th. Berenberg Bank raised their target price on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Weir Group from GBX 3,140 to GBX 3,280 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. increased 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 3,474.71.

The Weir Group Price Performance

WEIR opened at GBX 3,102 on Thursday. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16. The stock has a market capitalization of £8.05 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company’s 50 day simple moving average is GBX 3,218.21 and its 200-day simple moving average is GBX 2,911.40. The Weir Group has a one year low of GBX 1,875 and a one year high of GBX 3,580.

The Weir Group (LON:WEIR) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 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%. Sell-side analysts anticipate that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

More The Weir Group News

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

• Positive Sentiment: Multiple brokers raised targets and reiterated buys — Royal Bank of Canada reaffirmed a “buy” and set a GBX 4,000 target, JPMorgan bumped its target from GBX 3,450 to GBX 3,800 with a “buy”, and Deutsche Bank raised its target to GBX 3,723 (also “buy”). These upgrades boost near-term investor sentiment and provide upside guidance versus the stock’s current level. Digital Look London Stock Exchange Tickerreport
• Neutral Sentiment: Shore Capital reiterated a “hold” rating — this is a neutral anchor amid the bullish broker moves, indicating some analysts remain cautious on near-term catalysts. Digital Look London Stock Exchange
• Negative Sentiment: Quarterly results were mixed — the company reported GBX 123.80 EPS and solid margins/ROE, but revenue missed expectations and commentary flagged higher debt, which MarketWatch says overshadowed profit growth and prompted a share slump earlier. Elevated leverage (debt-to-equity reported ~93%) and the revenue shortfall are principal downside risks to watch. Weir Group Shares Slump — MarketWatch Earnings Transcript & Slide Deck

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.