The Weir Group (LON:WEIR) Reaches New 52-Week High – Time to Buy?

Posted by Oscar Bower on Dec 2nd, 2024

Shares of The Weir Group PLC (LON:WEIR – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 2,236 ($28.40) and last traded at GBX 2,234 ($28.38), with a volume of 593052 shares traded. The stock had previously closed at GBX 2,224.27 ($28.25).

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank dropped their target price on The Weir Group from GBX 2,600 ($33.02) to GBX 2,450 ($31.12) and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 2,075 ($26.36) to GBX 2,300 ($29.21) and gave the stock an “overweight” rating in a report on Thursday, November 7th.

Read Our Latest Report on The Weir Group

The Weir Group Stock Up 0.4 %

The firm has a fifty day moving average of GBX 2,141.98 and a 200-day moving average of GBX 2,055.05. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 79.85. The firm has a market cap of £5.80 billion, a P/E ratio of 2,616.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

Insider Transactions at The Weir Group

In other news, insider Nick Anderson bought 3,100 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of GBX 1,959 ($24.88) per share, with a total value of £60,729 ($77,135.78). Company insiders own 0.31% of the company’s stock.

The Weir Group Company Profile

(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.