The Weir Group (LON:WEIR) Hits New 12-Month High at $2,096.00

The Weir Group PLC (LON:WEIR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,096 ($26.33) and last traded at GBX 2,084 ($26.18), with a volume of 1225134 shares. The stock had previously closed at GBX 2,078 ($26.11).

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,075 ($26.07) target price on shares of The Weir Group in a research report on Tuesday, April 30th. Shore Capital restated a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,188.75 ($27.50).

The Weir Group Stock Performance

The stock has a market capitalization of £5.43 billion, a P/E ratio of 2,375.00, a PEG ratio of 2.59 and a beta of 1.42. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 82.21. The firm has a 50-day moving average of GBX 1,991.12 and a 200 day moving average of GBX 1,883.10.

The Weir Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 20.80 ($0.26) per share. This is a positive change from The Weir Group’s previous dividend of $17.80. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 18th. The Weir Group’s payout ratio is 4,431.82%.

Insider Buying and Selling

In related news, insider Graham Vanhegan sold 1,869 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.58), for a total value of £38,052.84 ($47,805.08). Company insiders own 0.40% of the company’s stock.

About The Weir Group

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.