The Weir Group (LON:WEIR - Get Free Report) issued its quarterly earnings results on Friday. The company reported GBX 120 ($1.51) earnings per share for the quarter, Digital Look Earnings reports. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%.
The Weir Group Price Performance
Shares of LON WEIR traded up GBX 34 ($0.43) during trading hours on Monday, reaching GBX 2,464 ($31.06). 1,253,403 shares of the stock traded hands, compared to its average volume of 695,811. The company has a market capitalization of £6.35 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company's 50-day simple moving average is GBX 2,289.39 and its two-hundred day simple moving average is GBX 2,173.94. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The Weir Group has a 52-week low of GBX 1,817.50 ($22.91) and a 52-week high of GBX 2,474.24 ($31.19).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. boosted their target price on shares of The Weir Group from GBX 2,075 ($26.16) to GBX 2,300 ($28.99) and gave the company an "overweight" rating in a research note on Thursday, November 7th.
Check Out Our Latest Research Report on The Weir Group
Insider Buying and Selling at The Weir Group
In other news, insider Brian Puffer sold 9,794 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of GBX 2,414 ($30.43), for a total transaction of £236,427.16 ($298,029.95). Company insiders own 0.31% of the company's stock.
About The Weir Group
(
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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.
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