The Weir Group (LON:WEIR) Stock Price Passes Above 200-Day Moving Average of $1,590.44

The Weir Group PLC (LON:WEIRGet Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,590.44 ($19.49) and traded as high as GBX 1,662 ($20.37). The Weir Group shares last traded at GBX 1,660 ($20.34), with a volume of 356,926 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WEIR. Morgan Stanley reaffirmed an “overweight” rating on shares of The Weir Group in a research report on Wednesday, May 11th. Shore Capital reissued a “buy” rating on shares of The Weir Group in a research report on Thursday, July 28th. Barclays reissued an “overweight” rating and issued a GBX 1,980 ($24.26) target price on shares of The Weir Group in a research report on Tuesday, May 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,470 ($30.27) target price on shares of The Weir Group in a research report on Wednesday, April 13th. Finally, JPMorgan Chase & Co. decreased their target price on The Weir Group from GBX 2,020 ($24.75) to GBX 1,650 ($20.22) and set an “overweight” rating for the company in a research report on Friday, July 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Weir Group has a consensus rating of “Moderate Buy” and an average target price of GBX 1,943.13 ($23.81).

The Weir Group Stock Up 2.6 %

The stock has a market cap of £4.31 billion and a PE ratio of 2,813.56. The company has a debt-to-equity ratio of 91.87, a quick ratio of 1.00 and a current ratio of 1.53. The company’s 50-day moving average price is GBX 1,497.52 and its 200 day moving average price is GBX 1,590.44.

The Weir Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend is Thursday, October 6th. This is an increase from The Weir Group’s previous dividend of $12.30. This represents a dividend yield of 0.83%. The Weir Group’s payout ratio is 40.34%.

The Weir Group Company Profile

(Get Rating)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

Further Reading

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