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

The Weir Group PLC (LON:WEIR)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,496 ($32.31) and last traded at GBX 2,454 ($31.77), with a volume of 215780 shares. The stock had previously closed at GBX 2,476 ($32.06).

Wall Street Analyst Weigh In

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 stock an “outperform” rating in a report on Monday, March 3rd.

The Weir Group Stock Down 2.2 %

The company’s fifty day moving average price is GBX 2,323.35 and its 200-day moving average price is GBX 2,198.96. The stock has a market cap of £6.07 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. 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 posted 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%. Equities analysts forecast that The Weir Group PLC will post 136.0509554 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Puffer sold 9,794 shares of the firm’s stock in a transaction dated 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). 0.31% of the stock is currently owned by insiders.

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.