The Weir Group PLC (LON:WEIR) Insider Sells £236,427.16 in Stock

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 9,794 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.12), for a total transaction of £236,427.16 ($304,752.72).

The Weir Group Price Performance

Shares of LON:WEIR opened at GBX 2,440 ($31.45) on Thursday. The firm has a market cap of £6.28 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 2.59 and a beta of 1.41. The firm has a fifty day moving average price of GBX 2,303.89 and a 200 day moving average price of GBX 2,184.78. The Weir Group PLC has a fifty-two week low of GBX 1,832 ($23.61) and a fifty-two week high of GBX 2,474.24 ($31.89). The company has a debt-to-equity ratio of 80.30, a quick ratio of 1.16 and a current ratio of 2.07.

The Weir Group (LON:WEIR) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) 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, sell-side analysts expect that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WEIR shares. Royal Bank of Canada raised their price target on The Weir Group from GBX 2,500 ($32.22) to GBX 2,700 ($34.80) and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. increased their target price on The Weir Group from GBX 2,075 ($26.75) to GBX 2,300 ($29.65) and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

The Weir Group Company Profile

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.