The Weir Group (LON:WEIR) Hits New 1-Year High – Should You Buy?

The Weir Group PLC (LON:WEIRGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 2,496 ($32.31) and last traded at GBX 2,454 ($31.77), with a volume of 215780 shares changing hands. The stock had previously closed at GBX 2,476 ($32.06).

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their target price on shares of The Weir Group from GBX 2,500 ($32.37) to GBX 2,700 ($34.96) and gave the company an “outperform” rating in a research report on Monday, March 3rd.

Get Our Latest Report on WEIR

The Weir Group Stock Performance

The business’s 50-day moving average price is GBX 2,323.35 and its 200-day moving average price is GBX 2,198.96. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The stock has a market cap of £6.07 billion, a PE ratio of 27.71, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIRGet Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.55) earnings per share (EPS) for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. As a group, equities research analysts expect that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

Insider Transactions at The Weir Group

In other news, insider Brian Puffer sold 9,794 shares of The Weir Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.25), for a total value of £236,427.16 ($306,094.20). Insiders own 0.31% of the company’s stock.

About The Weir Group

(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.

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