The Weir Group PLC (LON:WEIR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,029.74 ($26.50) and traded as high as GBX 2,140 ($27.94). The Weir Group shares last traded at GBX 2,108 ($27.53), with a volume of 422,861 shares changing hands.
Analyst Upgrades and Downgrades
WEIR has been the topic of several analyst reports. Shore Capital reaffirmed a "buy" rating on shares of The Weir Group in a research report on Tuesday, August 20th. Berenberg Bank dropped their price objective on shares of The Weir Group from GBX 2,600 ($33.95) to GBX 2,450 ($31.99) and set a "buy" rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada boosted their target price on shares of The Weir Group from GBX 2,475 ($32.32) to GBX 2,500 ($32.65) and gave the company an "outperform" rating in a research note on Wednesday, July 31st.
Get Our Latest Stock Report on The Weir Group
The Weir Group Stock Up 1.4 %
The company has a market cap of £5.55 billion, a price-to-earnings ratio of 2,515.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The stock has a 50-day simple moving average of GBX 2,028.53 and a 200-day simple moving average of GBX 2,029.74. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85.
The Weir Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a GBX 17.90 ($0.23) dividend. This represents a yield of 0.93%. The ex-dividend date is Thursday, October 3rd. The Weir Group's payout ratio is currently 4,588.24%.
Insider Activity at The Weir Group
In related news, insider Nick Anderson acquired 3,100 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of GBX 1,959 ($25.58) per share, for a total transaction of £60,729 ($79,301.38). 0.31% of the stock is currently owned by insiders.
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.
Recommended Stories
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
