Key Points
- Insider purchase: The Weir Group insider Nick Anderson bought 1,470 shares at an average price of GBX 2,713, for a total investment of approximately £39,881.
- Stock and financial performance: WEIR opened at GBX 2,686 and has a market capitalization of about £6.97 billion. The company reported quarterly EPS of GBX 54.60, with a 9.97% net margin and 13.45% return on equity.
- Analyst outlook: The stock has a “Moderate Buy” consensus rating, with eight Buy ratings and one Hold rating. Analysts’ average price target is GBX 3,408.33, above the current share price.
The Weir Group PLC (LON:WEIR - Get Free Report) insider Nick Anderson bought 1,470 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of GBX 2,713 per share, for a total transaction of £39,881.10.
The Weir Group Price Performance
LON:WEIR opened at GBX 2,686 on Tuesday. The company has a debt-to-equity ratio of 91.54, a current ratio of 2.55 and a quick ratio of 1.16. The Weir Group PLC has a one year low of GBX 2,254 and a one year high of GBX 3,580. The company has a fifty day moving average price of GBX 2,507.21 and a 200 day moving average price of GBX 2,784.11. The stock has a market cap of £6.97 billion, a P/E ratio of 26.39, a PEG ratio of 2.59 and a beta of 1.08.
The Weir Group (LON:WEIR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 54.60 earnings per share (EPS) for the quarter. The Weir Group had a net margin of 9.97% and a return on equity of 13.45%. Analysts anticipate that The Weir Group PLC will post 136.0509554 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on WEIR. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 3,230 price objective on shares of The Weir Group in a research report on Thursday, July 30th. Shore Capital Group reaffirmed a "hold" rating on shares of The Weir Group in a research report on Thursday, April 30th. Panmure Gordon upgraded shares of The Weir Group to a "buy" rating and set a GBX 3,490 price target on the stock in a research note on Friday, May 1st. Jefferies Financial Group reissued a "buy" rating and issued a GBX 3,555 price target on shares of The Weir Group in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Weir Group from GBX 3,500 to GBX 3,800 and gave the company an "overweight" rating in a research note on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,408.33.
View Our Latest Stock Report on The Weir Group
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. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.
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