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

The Weir Group (LON:WEIR - Get Free Report) had its price objective lifted by equities researchers at Royal Bank of Canada from GBX 2,500 ($32.22) to GBX 2,700 ($34.79) in a report issued on Monday,Digital Look reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective points to a potential upside of 9.05% from the stock's previous close.

Separately, JPMorgan Chase & Co. upped their price target on shares of The Weir Group from GBX 2,075 ($26.74) to GBX 2,300 ($29.64) and gave the company an "overweight" rating in a research report on Thursday, November 7th.

The Weir Group Stock Performance

Shares of WEIR stock traded down GBX 4 ($0.05) during mid-day trading on Monday, hitting GBX 2,476 ($31.91). 75,963,539 shares of the stock were exchanged, compared to its average volume of 2,356,232. The stock's fifty day simple moving average is GBX 2,309.53 and its two-hundred day simple moving average is GBX 2,186.83. The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07. The Weir Group has a 12-month low of GBX 1,832 ($23.61) and a 12-month high of GBX 2,496 ($32.16). The stock has a market capitalization of £6.38 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR - Get Free Report) last released 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 EPS for the current year.

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Insiders Place Their Bets

In other news, insider Brian Puffer sold 9,794 shares of The Weir Group stock in a transaction dated Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.11), for a total value of £236,427.16 ($304,674.18). 0.31% of the stock is owned by insiders.

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.