The Weir Group (LON:WEIR) Price Target Raised to GBX 2,700

The Weir Group (LON:WEIR) had its price target raised by Royal Bank of Canada from GBX 2,500 ($32.22) to GBX 2,700 ($34.80) in a research note released on Monday,Digital Look reports. They currently have an outperform rating on the stock.

Separately, JPMorgan Chase & Co. lifted their target price on The Weir Group from GBX 2,075 ($26.75) to GBX 2,300 ($29.65) and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

The Weir Group Stock Up 4.1 %

Shares of LON WEIR opened at GBX 2,440 ($31.45) on Monday. The company has a market capitalization of £6.28 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth 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 business has a 50-day moving average of GBX 2,303.89 and a two-hundred day moving average of GBX 2,184.78. The Weir Group has a 1 year low of GBX 1,832 ($23.61) and a 1 year high of GBX 2,474.24 ($31.89).

The Weir Group (LON:WEIR) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. On average, analysts forecast that The Weir Group will post 136.0509554 earnings per share for the current fiscal year.

Insider Transactions at The Weir Group

In related news, insider Brian Puffer sold 9,794 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of GBX 2,414 ($31.12), for a total value of £236,427.16 ($304,752.72). Insiders own 0.31% of the company’s stock.

The Weir Group Company Profile

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.