The Weir Group PLC (LON:WEIR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of The Weir Group PLC (LON:WEIRGet Rating) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,960.83 ($23.19).

WEIR has been the topic of a number of analyst reports. Shore Capital restated a “buy” rating on shares of The Weir Group in a research report on Wednesday, November 2nd. Barclays reiterated an “overweight” rating and issued a GBX 1,980 ($23.41) price target on shares of The Weir Group in a report on Friday, November 4th.

Insider Buying and Selling at The Weir Group

In other The Weir Group news, insider Stephen G. Young bought 1,981 shares of The Weir Group stock in a transaction that occurred on Thursday, November 3rd. The shares were acquired at an average price of GBX 1,607 ($19.00) per share, for a total transaction of £31,834.67 ($37,642.98). In other The Weir Group news, insider Barbara Jeremiah bought 2,000 shares of The Weir Group stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average price of GBX 1,737 ($20.54) per share, for a total transaction of £34,740 ($41,078.40). Also, insider Stephen G. Young bought 1,981 shares of The Weir Group stock in a transaction that occurred on Thursday, November 3rd. The shares were acquired at an average price of GBX 1,607 ($19.00) per share, for a total transaction of £31,834.67 ($37,642.98).

The Weir Group Stock Up 1.7 %

Shares of LON WEIR opened at GBX 1,798.50 ($21.27) on Wednesday. The Weir Group has a 1 year low of GBX 1,312 ($15.51) and a 1 year high of GBX 1,936.50 ($22.90). The firm’s 50 day moving average price is GBX 1,558.68 and its 200 day moving average price is GBX 1,525.40. The firm has a market cap of £4.67 billion and a P/E ratio of 2,725.00. The company has a debt-to-equity ratio of 86.10, a quick ratio of 1.16 and a current ratio of 1.92.

The Weir Group Company Profile

(Get Rating)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

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Analyst Recommendations for The Weir Group (LON:WEIR)

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