The Weir Group PLC (LON:WEIR) Insider Brian Puffer Sells 9,794 Shares of Stock

The Weir Group PLC (LON:WEIR) insider Brian Puffer sold 9,794 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($30.68), for a total transaction of £236,427.16 ($300,453.88).

The Weir Group Stock Up 1.4 %

Shares of LON WEIR opened at GBX 2,464 ($31.31) on Tuesday. 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 PLC has a 52 week low of GBX 1,817.50 ($23.10) and a 52 week high of GBX 2,474.24 ($31.44). The stock has a market capitalization of £6.35 billion, a P/E ratio of 28.95, a PEG ratio of 2.59 and a beta of 1.41. The stock’s fifty day moving average is GBX 2,295.03 and its 200 day moving average is GBX 2,177.89.

The Weir Group (LON:WEIR) last released its earnings results on Friday, February 28th. The company reported GBX 120 ($1.52) earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Sell-side analysts forecast that The Weir Group PLC will post 136.0509554 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on WEIR. JPMorgan Chase & Co. increased their target price on The Weir Group from GBX 2,075 ($26.37) to GBX 2,300 ($29.23) and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on The Weir Group from GBX 2,500 ($31.77) to GBX 2,700 ($34.31) and gave the company an “outperform” rating in a report on Monday.

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.