The Weir Group’s (WEIR) Overweight Rating Reiterated at JPMorgan Chase & Co.

The Weir Group (LON:WEIR)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 2,075 ($26.06) price target on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 1.22% from the company’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,188.75 ($27.49).

The Weir Group Stock Performance

LON:WEIR traded up GBX 8 ($0.10) during trading hours on Tuesday, reaching GBX 2,050 ($25.75). The company had a trading volume of 599,970 shares, compared to its average volume of 849,593. The company has a debt-to-equity ratio of 82.21, a current ratio of 2.04 and a quick ratio of 1.16. The Weir Group has a 1-year low of GBX 1,652.50 ($20.76) and a 1-year high of GBX 2,094 ($26.30). The business’s 50 day moving average price is GBX 1,970.12 and its 200-day moving average price is GBX 1,873.47. The firm has a market cap of £5.32 billion, a PE ratio of 2,329.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.

Insider Buying and Selling

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.57), for a total transaction of £38,052.84 ($47,799.07). Insiders own 0.40% of the company’s stock.

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.