The Weir Group (LON:WEIR) Sets New 52-Week High – Time to Buy?

The Weir Group PLC (LON:WEIR)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 2,496 ($32.26) and last traded at GBX 2,454 ($31.72), with a volume of 215780 shares trading hands. The stock had previously closed at GBX 2,476 ($32.01).

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their target price on shares of The Weir Group from GBX 2,500 ($32.32) to GBX 2,700 ($34.90) and gave the company an “outperform” rating in a research report on Monday, March 3rd.

The Weir Group Stock Performance

The company’s fifty day moving average is GBX 2,315.29 and its 200 day moving average is GBX 2,192.53. The company has a market capitalization of £6.33 billion, a P/E ratio of 28.86, a P/E/G ratio of 2.59 and a beta of 1.41. 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 Weir Group (LON:WEIR) last released its quarterly earnings data 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, equities analysts anticipate that The Weir Group PLC will post 136.0509554 earnings per share for the current year.

Insider Buying and Selling

In other The Weir Group news, 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 ($31.20), for a total value of £236,427.16 ($305,619.39). 0.31% of the stock is owned by insiders.

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.