Analysts Set The Weir Group PLC (LON:WEIR) Target Price at GBX 1,910

The Weir Group PLC (LON:WEIR – Get Rating) has been given an average rating of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 1,980 ($25.80).

Several analysts recently commented on the company. Shore Capital restated a “buy” rating on shares of The Weir Group in a research report on Wednesday, March 2nd. Morgan Stanley lowered their target price on 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. Berenberg Bank restated a “buy” rating and issued a GBX 2,190 ($28.54) target price on shares of The Weir Group in a research report on Monday, March 28th. JPMorgan Chase & Co. lowered their target price on The Weir Group from GBX 2,160 ($28.15) to GBX 1,945 ($25.35) and set an “overweight” rating on the stock in a research report on Tuesday, February 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,900 ($24.76) target price on shares of The Weir Group in a research report on Thursday, March 3rd.

Shares of LON WEIR opened at GBX 1,532 ($19.96) on Tuesday. The company has a market cap of £3.98 billion and a price-to-earnings ratio of 15.47. The Weir Group has a 12-month low of GBX 1,381 ($18.00) and a 12-month high of GBX 2,015.49 ($26.26). 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 stock’s 50 day simple moving average is GBX 1,678.57 and its 200 day simple moving average is GBX 1,708.62.

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

In other news, insider Graham Vanhegan sold 3,090 shares of The Weir Group stock in a transaction on Friday, April 8th. The stock was sold at an average price of GBX 1,584 ($20.64), for a total transaction of £48,945.60 ($63,781.08). Also, insider John Heasley sold 3,206 shares of the firm’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of GBX 1,541 ($20.08), for a total value of £49,404.46 ($64,379.02).

About The Weir Group (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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