Deutsche Bank Aktiengesellschaft Issues Positive Forecast for The Weir Group (LON:WEIR) Stock Price

The Weir Group (LON:WEIR) had its target price lifted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,280 to GBX 3,723 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 20.33% from the company’s previous close.

WEIR has been the topic of several other reports. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research report on Wednesday. Peel Hunt reissued a “buy” rating and issued a GBX 3,000 price target on shares of The Weir Group in a report on Wednesday, November 5th. Citigroup lifted their price objective on shares of The Weir Group from GBX 3,300 to GBX 3,700 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Berenberg Bank upped their price objective on shares of The Weir Group from GBX 2,700 to GBX 3,350 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a GBX 4,000 price target on shares of The Weir Group in a report on Thursday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,474.71.

The Weir Group Stock Performance

WEIR stock traded up GBX 54 on Thursday, reaching GBX 3,094. The company’s stock had a trading volume of 1,931,662 shares, compared to its average volume of 5,878,496. The company has a debt-to-equity ratio of 93.16, a current ratio of 2.09 and a quick ratio of 1.16. The Weir Group has a 52 week low of GBX 1,875 and a 52 week high of GBX 3,580. The firm has a fifty day moving average of GBX 3,213.37 and a two-hundred day moving average of GBX 2,910.12. The company has a market capitalization of £8.03 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

The Weir Group (LON:WEIR) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a return on equity of 17.01% and a net margin of 12.35%. As a group, analysts predict that The Weir Group will post 136.0509554 EPS for the current fiscal year.

The Weir Group Company Profile

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.