The Weir Group PLC (LON:WEIR – Get Rating) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,062 ($24.88) and last traded at GBX 2,044 ($24.67), with a volume of 132100 shares trading hands. The stock had previously closed at GBX 1,899 ($22.92).
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WEIR shares. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Wednesday, November 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,900 ($22.93) target price on shares of The Weir Group in a research report on Monday, December 5th. Barclays reiterated an “overweight” rating and set a GBX 1,980 ($23.89) target price on shares of The Weir Group in a research report on Friday, November 4th. Peel Hunt restated a “buy” rating and set a GBX 1,950 ($23.53) price target on shares of The Weir Group in a research note on Wednesday. Finally, The Goldman Sachs Group assumed coverage on The Weir Group in a research note on Monday, February 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,024.29 ($24.43).
The Weir Group Trading Up 7.1 %
The company has a 50 day moving average price of GBX 1,784.89 and a 200 day moving average price of GBX 1,654.46. 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 firm has a market cap of £5.28 billion, a price-to-earnings ratio of 3,045.45, a price-to-earnings-growth ratio of 2.59 and a beta of 1.55.
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 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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