The Weir Group PLC (LON:WEIR – Get 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.
The Weir Group Stock Performance
The Weir Group (LON:WEIR – Get 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
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.
See Also
- Five stocks we like better than The Weir Group
- What is the Nasdaq? Complete Overview with History
- NVIDIA Stock Remains Stunningly Undervalued—Here’s Why
- How to Invest in Insurance Companies: A Guide
- Oracle Stock: 5 Reasons This AI Powerhouse Is a Long-Term Buy
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- U.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the Wave
Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.