The Weir Group (LON:WEIR) Stock Rating Reaffirmed by Berenberg Bank

The Weir Group (LON:WEIR)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 2,600 ($33.05) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 20.37% from the company’s current price.

A number of other equities analysts also recently commented on the company. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a research report on Thursday, February 29th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,075 ($26.37) price objective on shares of The Weir Group in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,271 ($28.86).

The Weir Group Trading Down 0.4 %

Shares of LON WEIR opened at GBX 2,160 ($27.45) on Tuesday. The business has a fifty day moving average price of GBX 2,042.24 and a 200 day moving average price of GBX 1,914.16. The company has a debt-to-equity ratio of 82.21, a current ratio of 2.04 and a quick ratio of 1.16. The Weir Group has a 1-year low of GBX 1,652.50 ($21.00) and a 1-year high of GBX 2,210.25 ($28.09). The stock has a market capitalization of £5.61 billion, a P/E ratio of 2,454.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

Insiders Place Their Bets

In related news, insider Graham Vanhegan sold 1,869 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.88), for a total value of £38,052.84 ($48,364.06). Insiders own 0.42% 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.