Shares of The Weir Group PLC (LON:WEIR - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,024.60 ($26.50) and traded as high as GBX 2,206 ($28.87). The Weir Group shares last traded at GBX 2,156 ($28.22), with a volume of 345,145 shares traded.
Analyst Ratings Changes
A number of research analysts have recently weighed in on WEIR shares. Shore Capital reissued a "buy" rating on shares of The Weir Group in a research report on Tuesday, August 20th. Berenberg Bank decreased their target price on The Weir Group from GBX 2,600 ($34.03) to GBX 2,450 ($32.06) and set a "buy" rating for the company in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada boosted their target price on The Weir Group from GBX 2,475 ($32.39) to GBX 2,500 ($32.72) and gave the company an "outperform" rating in a research note on Wednesday, July 31st.
Read Our Latest Research Report on WEIR
The Weir Group Stock Down 1.6 %
The stock's 50 day moving average is GBX 2,007.72 and its 200 day moving average is GBX 2,024.60. The company has a market capitalization of £5.51 billion, a PE ratio of 2,496.47, a PEG 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 Weir Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 17.90 ($0.23) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 0.93%. The Weir Group's dividend payout ratio is currently 4,588.24%.
Insiders Place Their Bets
In other news, insider Nick Anderson bought 3,100 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of GBX 1,959 ($25.64) per share, with a total value of £60,729 ($79,477.82). 0.42% of the stock is owned by corporate insiders.
About The Weir Group
(
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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.
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