The Weir Group PLC (LON:WEIR) Insider Sells £48,945.60 in Stock

The Weir Group PLC (LON:WEIRGet Rating) insider Graham Vanhegan sold 3,090 shares of the stock in a transaction on Friday, April 8th. The shares were sold at an average price of GBX 1,584 ($20.64), for a total value of £48,945.60 ($63,781.08).

The Weir Group stock opened at GBX 1,530.50 ($19.94) on Thursday. The company has a market capitalization of £3.97 billion and a P/E ratio of 15.46. The firm’s fifty day simple moving average is GBX 1,681.44 and its 200-day simple moving average is GBX 1,710.40. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 91.87. The Weir Group PLC has a 1-year low of GBX 1,381 ($18.00) and a 1-year high of GBX 2,015.49 ($26.26).

The firm also recently declared a dividend, which will be paid on Monday, June 6th. Stockholders of record on Thursday, April 21st will be issued a dividend of GBX 12.30 ($0.16) per share. The ex-dividend date of this dividend is Thursday, April 21st. This represents a dividend yield of 0.81%. This is an increase from The Weir Group’s previous dividend of $11.50. The Weir Group’s dividend payout ratio (DPR) is currently 0.12%.

A number of research firms recently weighed in on WEIR. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,470 ($32.19) price target on shares of The Weir Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,900 ($24.76) price target on shares of The Weir Group in a research report on Thursday, March 3rd. Morgan Stanley lowered their price objective on shares of The Weir Group from GBX 2,160 ($28.15) to GBX 2,030 ($26.45) and set an “overweight” rating on the stock in a research report on Thursday, March 3rd. Barclays reiterated an “overweight” rating and issued a GBX 1,980 ($25.80) target price on shares of The Weir Group in a research report on Tuesday, March 15th. Finally, Shore Capital restated a “buy” rating on shares of The Weir Group in a report on Wednesday, March 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,980 ($25.80).

The Weir Group Company Profile (Get Rating)

The Weir Group PLC produces and sells highly engineered original equipment. 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. The ESCO segment provides ground engaging tools for surface mining and infrastructure.

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