The Weir Group (LON:WEIR) Reaches New 52-Week High on Analyst Upgrade

The Weir Group PLC (LON:WEIR - Get Free Report) shares reached a new 52-week high on Thursday after JPMorgan Chase & Co. raised their price target on the stock from GBX 2,950 to GBX 3,300. JPMorgan Chase & Co. currently has an overweight rating on the stock. The Weir Group traded as high as GBX 2,862 ($38.36) and last traded at GBX 2,860 ($38.33), with a volume of 715356 shares changing hands. The stock had previously closed at GBX 2,802 ($37.56).Several other research analysts have also issued reports on the stock. Citigroup restated a "buy" rating and set a GBX 3,100 price target on shares of The Weir Group in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Weir Group from GBX 2,710 to GBX 3,010 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Shore Capital lowered shares of The Weir Group to a "hold" rating and set a GBX 2,750 price target for the company. in a report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, The Weir Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,972.Get The Weir Group alerts:View Our Latest Research Report on WEIRThe Weir Group Stock PerformanceThe company has a market capitalization of £7.42 billion, a P/E ratio of 2,411.47, a PEG ratio of 2.59 and a beta of 1.41. The company's 50-day moving average is GBX 2,573.67 and its two-hundred day moving average is GBX 2,456.56. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The Weir Group (LON:WEIR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported GBX 58.70 earnings per share for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Equities analysts anticipate that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year. The Weir Group Company Profile (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.See AlsoFive stocks we like better than The Weir GroupA Deeper Look at Bid-Ask SpreadsAI Meets Nuclear: Palantir’s Role in Energy ExpansionHow to Use the MarketBeat Stock Screener 3 High P/E Stocks Justified by Future Upside PotentialThe Risks of Owning BondsAfter AI Hyperscaler Deal, Is Aehr Test Systems Stock on Sale?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in The Weir Group Right Now?Before you consider The Weir Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Weir Group wasn't on the list.While The Weir Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here