The Weir Group (LON:WEIR – Get Rating)'s stock had its "buy" rating reissued by Shore Capital in a research note issued on Tuesday, Digital Look reports.
Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on The Weir Group from GBX 2,020 ($24.41) to GBX 1,650 ($19.94) and set an "overweight" rating for the company in a research report on Friday, July 1st. Barclays reaffirmed an "overweight" rating and set a GBX 1,980 ($23.92) price objective on shares of The Weir Group in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,943.13 ($23.48).
Get The Weir Group alerts:The Weir Group Stock Down 2.4 %
Shares of LON:WEIR traded down GBX 35.50 ($0.43) on Tuesday, hitting GBX 1,449.50 ($17.51). 275,190 shares of the company's stock were exchanged, compared to its average volume of 599,537. The firm's 50-day moving average is GBX 1,527.96 and its 200 day moving average is GBX 1,550.79. The company has a market capitalization of £3.76 billion and a PE ratio of 2,196.21. The Weir Group has a 1-year low of GBX 1,321 ($15.96) and a 1-year high of GBX 1,936.50 ($23.40). The company has a debt-to-equity ratio of 86.10, a quick ratio of 1.16 and a current ratio of 1.92.
The Weir Group Company Profile
(Get Rating)The Weir Group PLC produces and sells highly engineered original equipment worldwide. 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.
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