Weir Group PLC (LON:WEIR) Receives GBX 1,767.14 Average Target Price from Brokerages

Weir Group PLC (LON:WEIR) has received a consensus recommendation of “Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,713.33 ($22.39).

A number of equities analysts have weighed in on the stock. Goldman Sachs Group reiterated a “neutral” rating on shares of Weir Group in a research report on Wednesday, July 10th. Morgan Stanley increased their target price on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank cut their target price on shares of Weir Group from GBX 1,815 ($23.72) to GBX 1,600 ($20.91) and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating on shares of Weir Group in a research report on Wednesday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Friday, July 26th.

The company has a debt-to-equity ratio of 86.36, a current ratio of 2.00 and a quick ratio of 1.19. The company has a market capitalization of $3.75 billion and a price-to-earnings ratio of 962.67. Weir Group has a 1 year low of GBX 1,222.50 ($15.97) and a 1 year high of GBX 1,918 ($25.06). The stock’s fifty day simple moving average is GBX 1,403.09 and its 200-day simple moving average is GBX 1,544.84.

The company also recently disclosed a dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Thursday, October 10th will be given a GBX 16.50 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.09%. Weir Group’s dividend payout ratio (DPR) is currently 22.00%.

Weir Group Company Profile

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.

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Analyst Recommendations for Weir Group (LON:WEIR)

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