The Weir Group (LON:WEIR) Receives "Outperform" Rating from Royal Bank Of Canada
Royal Bank Of Canada has reiterated an "outperform" rating for The Weir Group (LON:WEIR) with a target price of GBX 3,175, indicating an 8.43% potential upside. Other brokerages have also issued positive ratings, with JPMorgan raising its target to GBX 3,300 and Peel Hunt maintaining a "buy" rating at GBX 3,000. The stock opened at GBX 2,928.07, with a consensus rating of "Moderate Buy" and an average target price of GBX 3,089.17. Insider transactions show recent purchases by company insiders.
The Weir Group (LON:WEIR - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 3,175 target price on the stock. Royal Bank Of Canada's target price indicates a potential upside of 8.43% from the stock's previous close.
A number of other brokerages also recently issued reports on WEIR. JPMorgan Chase & Co. lifted their price target on shares of The Weir Group from GBX 2,950 to GBX 3,300 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Peel Hunt reaffirmed a "buy" rating and set a GBX 3,000 price objective on shares of The Weir Group in a research report on Wednesday. Citigroup reissued a "buy" rating and issued a GBX 3,100 target price on shares of The Weir Group in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price target on The Weir Group from GBX 2,710 to GBX 3,010 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Shore Capital reiterated a "hold" rating and issued a GBX 2,750 price objective on shares of The Weir Group in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 3,089.17.
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The Weir Group Price Performance
Shares of LON WEIR opened at GBX 2,928.07 on Thursday. The stock's 50-day moving average is GBX 2,733.21 and its two-hundred day moving average is GBX 2,556.36. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The company has a market cap of £7.60 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The Weir Group has a 1-year low of GBX 1,875 and a 1-year high of GBX 3,008.
Insider Transactions at The Weir Group
In other news, insider Jon Stanton acquired 573 shares of the firm's stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of GBX 2,874 per share, with a total value of £16,468.02. Also, insider Brian Puffer bought 280 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of GBX 2,874 per share, for a total transaction of £8,047.20. 0.70% of the stock is owned by corporate insiders.
About The Weir Group
(Get Free Report)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.
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