The Weir Group PLC (LON:WEIR - Get Free Report) reached a new 52-week high on Monday after Royal Bank of Canada raised their price target on the stock from GBX 2,500 to GBX 2,700. Royal Bank of Canada currently has an outperform rating on the stock. The Weir Group traded as high as GBX 2,442.24 ($31.48) and last traded at GBX 2,438 ($31.43), with a volume of 890680 shares. The stock had previously closed at GBX 2,430 ($31.32).
Separately, JPMorgan Chase & Co. upped their price target on The Weir Group from GBX 2,075 ($26.75) to GBX 2,300 ($29.65) and gave the company an "overweight" rating in a report on Thursday, November 7th.
Check Out Our Latest Stock Analysis on WEIR
Insider Transactions 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 ($31.12), for a total value of £236,427.16 ($304,752.72). 0.31% of the stock is currently owned by insiders.
The Weir Group Stock Performance
The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The stock has a fifty day moving average price of GBX 2,303.89 and a 200-day moving average price of GBX 2,184.78. The firm has a market capitalization of £6.39 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 2.59 and a beta of 1.41.
The Weir Group (LON:WEIR - Get Free Report) last issued its 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%. As a group, analysts anticipate that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.
About The Weir Group
(
Get Free Report)
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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