The Weir Group PLC (LON:WEIR) Insider Brian Puffer Sells 9,794 Shares

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 9,794 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.12), for a total transaction of £236,427.16 ($304,752.72).

The Weir Group Stock Performance

Shares of LON:WEIR opened at GBX 2,440 ($31.45) on Thursday. 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 Weir Group PLC has a 12 month low of GBX 1,832 ($23.61) and a 12 month high of GBX 2,474.24 ($31.89). The company has a market capitalization of £6.28 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.59 and a beta of 1.41. The firm’s 50-day moving average is GBX 2,303.89 and its 200 day moving average is GBX 2,184.78.

The Weir Group (LON:WEIR) last released its earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Research analysts predict that The Weir Group PLC will post 136.0509554 EPS for the current year.

Wall Street Analysts Forecast Growth

WEIR has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on The Weir Group from GBX 2,500 ($32.22) to GBX 2,700 ($34.80) and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. increased 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.

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.