The Weir Group (LON:WEIR) Price Target Raised to GBX 2,700 at Royal Bank of Canada

The Weir Group (LON:WEIR) had its price target boosted by Royal Bank of Canada from GBX 2,500 ($32.22) to GBX 2,700 ($34.80) in a research report sent to investors on Monday,Digital Look reports. They currently have an outperform rating on the stock.

Separately, JPMorgan Chase & Co. boosted their price target on The Weir Group from GBX 2,075 ($26.75) to GBX 2,300 ($29.65) and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

The Weir Group Stock Performance

LON WEIR opened at GBX 2,440 ($31.45) on Monday. 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 business’s 50 day moving average is GBX 2,303.89 and its two-hundred day moving average is GBX 2,184.78. The Weir Group has a 12-month low of GBX 1,832 ($23.61) and a 12-month high of GBX 2,474.24 ($31.89). The stock 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 Weir Group (LON:WEIR) last released its earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Research analysts expect that The Weir Group will post 136.0509554 EPS for the current year.

Insider Transactions at The Weir Group

In related news, insider Brian Puffer sold 9,794 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of GBX 2,414 ($31.12), for a total value of £236,427.16 ($304,752.72). Corporate insiders own 0.31% of the company’s stock.

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.