The Weir Group PLC (OTCMKTS:WEGRY) Given Average Recommendation of “Buy” by Analysts

The Weir Group PLC (OTCMKTS:WEGRY – Get Rating) has been assigned an average rating of “Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $2,130.00.

A number of equities research analysts recently issued reports on WEGRY shares. HSBC raised shares of The Weir Group from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Morgan Stanley upped their price target on shares of The Weir Group from GBX 2,150 ($26.51) to GBX 2,160 ($26.63) in a research note on Thursday, January 27th. Berenberg Bank decreased their price target on shares of The Weir Group from GBX 2,240 ($27.62) to GBX 2,190 ($27.00) in a research note on Friday, March 18th. JPMorgan Chase & Co. upped their price target on shares of The Weir Group from GBX 1,915 ($23.61) to GBX 2,020 ($24.90) in a research note on Friday, April 29th. Finally, Zacks Investment Research cut shares of The Weir Group from a “hold” rating to a “sell” rating in a research report on Wednesday.

The Weir Group stock opened at $8.61 on Thursday. The firm’s fifty day moving average is $10.69 and its 200 day moving average is $11.41. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 0.56. The Weir Group has a 52-week low of $8.61 and a 52-week high of $14.73.

The company also recently disclosed a dividend, which will be paid on Thursday, June 9th. Shareholders of record on Friday, April 22nd will be given a dividend of $0.0652 per share. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 21st.

About The Weir Group (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.

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