The Weir Group PLC (LON:WEIR) Given Average Rating of “Hold” by Brokerages

The Weir Group PLC (LON:WEIR) Given Average Rating of “Hold” by Brokerages

Shares of The Weir Group PLC (LON:WEIR) have earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 1,524 ($19.91).

A number of brokerages have recently commented on WEIR. Deutsche Bank Aktiengesellschaft downgraded The Weir Group to a “hold” rating and lowered their price objective for the stock from GBX 2,100 ($27.44) to GBX 2,000 ($26.13) in a research report on Thursday, March 4th. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Thursday, April 29th. Morgan Stanley raised The Weir Group to an “overweight” rating and upped their price target for the company from GBX 1,730 ($22.60) to GBX 2,200 ($28.74) in a report on Monday, February 8th. Royal Bank of Canada upped their price target on The Weir Group from GBX 2,190 ($28.61) to GBX 2,470 ($32.27) and gave the company an “outperform” rating in a report on Wednesday, March 3rd. Finally, Barclays upped their price target on The Weir Group from GBX 2,000 ($26.13) to GBX 2,350 ($30.70) and gave the company an “overweight” rating in a report on Wednesday, January 13th.

Shares of The Weir Group stock traded down GBX 64.50 ($0.84) on Tuesday, reaching GBX 1,852.50 ($24.20). 809,395 shares of the company were exchanged, compared to its average volume of 746,659. The Weir Group has a 1-year low of GBX 829.80 ($10.84) and a 1-year high of GBX 2,130 ($27.83). The company has a market cap of £4.81 billion and a P/E ratio of -32.44. The company has a debt-to-equity ratio of 103.14, a current ratio of 2.61 and a quick ratio of 1.20. The stock’s 50 day moving average price is GBX 1,859.83 and its 200-day moving average price is GBX 1,840.58.

In other news, insider John Heasley sold 2,946 shares of the company’s stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of GBX 1,859 ($24.29), for a total transaction of £54,766.14 ($71,552.31). Also, insider S (Venkat) Venkatakrishnan purchased 250 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were bought at an average price of GBX 1,956 ($25.56) per share, with a total value of £4,890 ($6,388.82).

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment. 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. The ESCO segment provides ground engaging tools for surface mining and infrastructure.

Read More: Oversold

Analyst Recommendations for The Weir Group (LON:WEIR)

Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.


Shares of The Weir Group PLC (LON:WEIR) have earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 1,524 ($19.91).

A number of brokerages have recently commented on WEIR. Morgan Stanley raised The Weir Group to an “overweight” rating and boosted their price objective for the stock from GBX 1,730 ($22.60) to GBX 2,200 ($28.74) in a research report on Monday, February 8th. Barclays upped their price target on The Weir Group from GBX 2,000 ($26.13) to GBX 2,350 ($30.70) and gave the company an “overweight” rating in a report on Wednesday, January 13th. Deutsche Bank Aktiengesellschaft downgraded The Weir Group to a “hold” rating and lowered their price target for the company from GBX 2,100 ($27.44) to GBX 2,000 ($26.13) in a report on Thursday, March 4th. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Thursday, April 29th. Finally, Royal Bank of Canada upped their price target on The Weir Group from GBX 2,190 ($28.61) to GBX 2,470 ($32.27) and gave the company an “outperform” rating in a report on Wednesday, March 3rd.

Shares of The Weir Group stock traded down GBX 64.50 ($0.84) on Tuesday, reaching GBX 1,852.50 ($24.20). 809,395 shares of the company were exchanged, compared to its average volume of 746,659. The Weir Group has a 1-year low of GBX 829.80 ($10.84) and a 1-year high of GBX 2,130 ($27.83). The company has a market cap of £4.81 billion and a P/E ratio of -32.44. The company has a debt-to-equity ratio of 103.14, a current ratio of 2.61 and a quick ratio of 1.20. The stock’s 50 day moving average price is GBX 1,859.83 and its 200-day moving average price is GBX 1,840.58.

In other news, insider John Heasley sold 2,946 shares of the company’s stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of GBX 1,859 ($24.29), for a total transaction of £54,766.14 ($71,552.31). Also, insider S (Venkat) Venkatakrishnan purchased 250 shares of the business’s stock in a transaction dated Wednesday, March 3rd. The shares were bought at an average price of GBX 1,956 ($25.56) per share, with a total value of £4,890 ($6,388.82).

About The Weir Group

The Weir Group PLC produces and sells highly engineered original equipment. 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. The ESCO segment provides ground engaging tools for surface mining and infrastructure.

Read More: Oversold

Analyst Recommendations for The Weir Group (LON:WEIR)

Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.