The Weir Group (LON:WEIR) Receives "Outperform" Rating from Royal Bank Of Canada

The Weir Group (LON:WEIR - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 3,175 target price on the stock. Royal Bank Of Canada's target price indicates a potential upside of 8.43% from the stock's previous close.A number of other brokerages also recently issued reports on WEIR. JPMorgan Chase & Co. lifted their price target on shares of The Weir Group from GBX 2,950 to GBX 3,300 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. Peel Hunt reaffirmed a "buy" rating and set a GBX 3,000 price objective on shares of The Weir Group in a research report on Wednesday. Citigroup reissued a "buy" rating and issued a GBX 3,100 target price on shares of The Weir Group in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price target on 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 reiterated a "hold" rating and issued a GBX 2,750 price objective on shares of The Weir Group in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 3,089.17.Get The Weir Group alerts:Check Out Our Latest Stock Analysis on WEIRThe Weir Group Price PerformanceShares of LON WEIR opened at GBX 2,928.07 on Thursday. The stock's 50-day moving average is GBX 2,733.21 and its two-hundred day moving average is GBX 2,556.36. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The company has a market cap of £7.60 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The Weir Group has a 1-year low of GBX 1,875 and a 1-year high of GBX 3,008. Insider Transactions at The Weir GroupIn other news, insider Jon Stanton acquired 573 shares of the firm's stock in a transaction dated Tuesday, November 4th. The stock was acquired at an average cost of GBX 2,874 per share, with a total value of £16,468.02. Also, insider Brian Puffer bought 280 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of GBX 2,874 per share, for a total transaction of £8,047.20. 0.70% of the stock is owned by corporate insiders. About The Weir Group (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.Recommended StoriesFive stocks we like better than The Weir GroupHow to invest in marijuana stocks in 7 steps Uber Stock Pullback Looks Like a Clear Buying OpportunityWhat is a penny stock? A comprehensive guide3 Cash-Rich Stocks With High Growth Potential Right NowWhat Do S&P 500 Stocks Tell Investors About the Market? Why Vertical Aerospace Stock Could Double After This Flight TestThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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