The Weir Group (LON:WEIR) Earns Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of The Weir Group (LON:WEIR) in a research report released on Tuesday morning, Marketbeat reports. They currently have a GBX 2,600 ($33.05) target price on the stock.

WEIR has been the subject of a number of other research reports. Shore Capital reaffirmed a buy rating on shares of The Weir Group in a research report on Thursday, February 29th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 2,075 ($26.37) target price on shares of The Weir Group in a research report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Weir Group has an average rating of Moderate Buy and an average target price of GBX 2,271 ($28.86).

The Weir Group Price Performance

Shares of WEIR opened at GBX 2,134 ($27.12) on Tuesday. The company has a market capitalization of £5.54 billion, a price-to-earnings ratio of 2,425.00, a P/E/G ratio of 2.59 and a beta of 1.41. The Weir Group has a fifty-two week low of GBX 1,652.50 ($21.00) and a fifty-two week high of GBX 2,210.25 ($28.09). The company has a debt-to-equity ratio of 82.21, a current ratio of 2.04 and a quick ratio of 1.16. The business’s 50-day moving average is GBX 2,045.20 and its 200-day moving average is GBX 1,915.69.

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 paid a GBX 20.80 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from The Weir Group’s previous dividend of $17.80. This represents a dividend yield of 1.11%. The Weir Group’s dividend payout ratio (DPR) is 4,431.82%.

Insider Activity

In related news, insider Graham Vanhegan sold 1,869 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.88), for a total value of £38,052.84 ($48,364.06). 0.42% of the stock is currently owned by corporate insiders.

The Weir Group Company Profile

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.