The Weir Group (LON:WEIR) Price Target Raised to GBX 2,300

The Weir Group (LON:WEIR) had its target price hoisted by JPMorgan Chase & Co. from GBX 2,075 ($27.01) to GBX 2,300 ($29.94) in a research note issued to investors on Thursday, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Berenberg Bank decreased their target price on The Weir Group from GBX 2,600 ($33.85) to GBX 2,450 ($31.89) and set a “buy” rating for the company in a report on Tuesday, August 6th. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Tuesday, August 20th. Finally, Royal Bank of Canada lifted their price target on The Weir Group from GBX 2,475 ($32.22) to GBX 2,500 ($32.54) and gave the stock an “outperform” rating in a report on Wednesday, July 31st.

The Weir Group Trading Down 1.5 %

LON:WEIR opened at GBX 2,166 ($28.20) on Thursday. The firm has a market cap of £5.62 billion, a PE ratio of 2,548.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The stock has a fifty day moving average price of GBX 2,098.59 and a 200 day moving average price of GBX 2,041.58. The Weir Group has a 12-month low of GBX 1,756 ($22.86) and a 12-month high of GBX 2,224 ($28.95). The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85.

Insiders Place Their Bets

In other The Weir Group news, insider Nick Anderson purchased 3,100 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of GBX 1,959 ($25.50) per share, with a total value of £60,729 ($79,053.63). 0.31% of the stock is owned by company insiders.

About The Weir Group

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.