Weir Group (LON:WEIR) Earns Buy Rating from Citigroup

Citigroup reaffirmed their buy rating on shares of Weir Group (LON:WEIR) in a report issued on Monday, Digital Look reports.

A number of other analysts have also weighed in on the stock. Liberum Capital reiterated a hold rating and issued a GBX 1,450 ($18.95) price objective on shares of Weir Group in a research note on Friday, September 6th. Goldman Sachs Group restated a neutral rating on shares of Weir Group in a research report on Wednesday, July 10th. Jefferies Financial Group reaffirmed a hold rating on shares of Weir Group in a report on Wednesday, July 24th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Weir Group in a research report on Friday, June 28th. Finally, Morgan Stanley lifted their price objective on Weir Group from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the company an overweight rating in a research note on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Weir Group presently has an average rating of Buy and a consensus price target of GBX 1,766.33 ($23.08).

Shares of LON WEIR opened at GBX 1,574.50 ($20.57) on Monday. The company has a current ratio of 2.00, a quick ratio of 1.19 and a debt-to-equity ratio of 86.36. Weir Group has a 12 month low of GBX 1,222.50 ($15.97) and a 12 month high of GBX 1,814.50 ($23.71). The company has a 50 day simple moving average of GBX 1,407.55 and a two-hundred day simple moving average of GBX 1,544.76. The stock has a market cap of $4.09 billion and a price-to-earnings ratio of 1,049.67.

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

About Weir Group

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.

Further Reading: What does an outperform rating mean?

Analyst Recommendations for Weir Group (LON:WEIR)

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