The Weir Group PLC (LON:WEIR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,034.56 ($26.42) and traded as high as GBX 2,136 ($27.73). The Weir Group shares last traded at GBX 2,109.52 ($27.39), with a volume of 458,822 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on The Weir Group from GBX 2,475 ($32.13) to GBX 2,500 ($32.46) and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Berenberg Bank cut their price objective on shares of The Weir Group from GBX 2,600 ($33.76) to GBX 2,450 ($31.81) and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Finally, Shore Capital restated a "buy" rating on shares of The Weir Group in a research report on Tuesday, August 20th.
Get Our Latest Stock Analysis on The Weir Group
The Weir Group Price Performance
The company has a fifty day simple moving average of GBX 2,060.20 and a 200-day simple moving average of GBX 2,035.13. The company has a market cap of £5.45 billion, a P/E ratio of 2,473.52, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 79.85, a current ratio of 2.07 and a quick ratio of 1.16.
The Weir Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be issued a GBX 17.90 ($0.23) dividend. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, October 3rd. The Weir Group's payout ratio is 4,588.24%.
Insider Activity at The Weir Group
In other The Weir Group news, insider Nick Anderson acquired 3,100 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of GBX 1,959 ($25.43) per share, for a total transaction of £60,729 ($78,848.35). 0.31% of the stock is 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.
Further Reading
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.
