Shares of The Weir Group PLC (LON:WEIR - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,226 ($27.96) and last traded at GBX 2,220 ($27.88), with a volume of 614145 shares traded. The stock had previously closed at GBX 2,176 ($27.33).
Analysts Set New Price Targets
A number of brokerages have issued reports on WEIR. Berenberg Bank reduced their price objective on shares of The Weir Group from GBX 2,600 ($32.66) to GBX 2,450 ($30.77) and set a "buy" rating for the company in a research report on Tuesday, August 6th. Royal Bank of Canada increased their target price on shares of The Weir Group from GBX 2,475 ($31.09) to GBX 2,500 ($31.40) and gave the company an "outperform" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 2,075 ($26.06) to GBX 2,300 ($28.89) and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, Shore Capital reissued a "buy" rating on shares of The Weir Group in a research report on Tuesday, August 20th.
Get Our Latest Report on WEIR
The Weir Group Stock Up 1.9 %
The stock's 50-day moving average price is GBX 2,132.17 and its two-hundred day moving average price is GBX 2,051.08. The stock has a market capitalization of £5.76 billion, a P/E ratio of 2,602.35, a P/E/G ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85.
Insider Buying and Selling
In other news, insider Nick Anderson bought 3,100 shares of the stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of GBX 1,959 ($24.60) per share, for a total transaction of £60,729 ($76,273.55). 0.31% of the stock is owned by insiders.
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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