The Weir Group PLC (LON:WEIR – Get Rating) has been given a consensus rating of “Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,972.86 ($24.32).
Several research firms recently issued reports on WEIR. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,900 ($23.42) price target on shares of The Weir Group in a report on Thursday, March 3rd. JPMorgan Chase & Co. dropped their price target on The Weir Group from GBX 2,160 ($26.63) to GBX 1,945 ($23.98) and set an “overweight” rating on the stock in a research report on Tuesday, February 8th. Barclays restated an “overweight” rating and issued a GBX 1,980 ($24.41) target price on shares of The Weir Group in a research note on Tuesday, May 3rd. Morgan Stanley reiterated an “overweight” rating on shares of The Weir Group in a research note on Wednesday. Finally, Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Thursday, April 28th.
The Weir Group stock traded up GBX 68 ($0.84) during mid-day trading on Friday, hitting GBX 1,511.50 ($18.64). 402,903 shares of the company were exchanged, compared to its average volume of 678,243. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 91.87. The business has a fifty day moving average of GBX 1,644.59 and a 200 day moving average of GBX 1,690.19. The Weir Group has a 1-year low of GBX 1,381 ($17.03) and a 1-year high of GBX 2,010 ($24.78). The company has a market capitalization of £3.92 billion and a PE ratio of 15.27.
In other The Weir Group news, insider Graham Vanhegan sold 3,090 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of GBX 1,584 ($19.53), for a total transaction of £48,945.60 ($60,344.72). Also, insider John Heasley sold 3,206 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of GBX 1,541 ($19.00), for a total value of £49,404.46 ($60,910.44).
The Weir Group Company Profile (Get Rating)
The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.