The Weir Group PLC (LON:WEIR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,228.60 ($28.85) and traded as high as GBX 2,464 ($31.89). The Weir Group shares last traded at GBX 2,460 ($31.84), with a volume of 93,922,922 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada increased their price target on shares of The Weir Group from GBX 2,500 ($32.36) to GBX 2,700 ($34.95) and gave the stock an "outperform" rating in a research report on Monday, March 3rd.
Read Our Latest Report on WEIR
The Weir Group Trading Down 1.3 %
The firm has a 50-day moving average of GBX 2,367.97 and a two-hundred day moving average of GBX 2,236.03. The firm has a market capitalization of £6.08 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30.
The Weir Group (LON:WEIR - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. On average, analysts anticipate that The Weir Group PLC will post 136.0509554 EPS for the current year.
The Weir Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a GBX 22.10 ($0.29) dividend. This is an increase from The Weir Group's previous dividend of $17.90. The ex-dividend date is Thursday, April 17th. This represents a yield of 0.92%. The Weir Group's dividend payout ratio is presently 45.83%.
Insider Buying and Selling at The Weir Group
In other news, insider Brian Puffer sold 9,794 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of GBX 2,414 ($31.25), for a total value of £236,427.16 ($306,014.96). Company insiders own 0.31% of the company's stock.
About The Weir Group
(
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.
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