The Weir Group (LON:WEIR) Share Price Crosses Above Two Hundred Day Moving Average of $2,012.33

The Weir Group PLC (LON:WEIR - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,012.33 ($26.95) and traded as high as GBX 2,206.70 ($29.55). The Weir Group shares last traded at GBX 2,198 ($29.43), with a volume of 583,912 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WEIR. Shore Capital reissued a "buy" rating on shares of The Weir Group in a research report on Tuesday, August 20th. Berenberg Bank cut their target price on The Weir Group from GBX 2,600 ($34.82) to GBX 2,450 ($32.81) and set a "buy" rating on the stock in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada upped their price target on The Weir Group from GBX 2,475 ($33.14) to GBX 2,500 ($33.48) and gave the company an "outperform" rating in a research report on Wednesday, July 31st.

The Weir Group Price Performance

The stock has a market cap of £5.71 billion, a P/E ratio of 2,585.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 79.85, a quick ratio of 1.16 and a current ratio of 2.07. The firm has a 50-day moving average price of GBX 1,969.23 and a 200-day moving average price of GBX 2,012.33.

The Weir Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be given a GBX 17.90 ($0.24) dividend. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 3rd. The Weir Group's dividend payout ratio is presently 4,588.24%.

Insiders Place Their Bets

In related news, insider Nick Anderson acquired 3,100 shares of the stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of GBX 1,959 ($26.23) per share, for a total transaction of £60,729 ($81,318.96). Corporate insiders own 0.42% of the company's stock.

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.