The Weir Group PLC (LON:WEIR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of The Weir Group PLC (LON:WEIRGet Rating) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the firm, reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,930.71 ($23.33).

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of The Weir Group from GBX 2,020 ($24.41) to GBX 1,650 ($19.94) and set an “overweight” rating on the stock in a research note on Friday, July 1st. Barclays reissued an “overweight” rating and set a GBX 1,980 ($23.92) price objective on shares of The Weir Group in a research note on Tuesday, August 9th. Finally, Shore Capital reissued a “buy” rating on shares of The Weir Group in a research note on Thursday, July 28th.

The Weir Group Price Performance

Shares of LON WEIR opened at GBX 1,490 ($18.00) on Friday. The Weir Group has a 1 year low of GBX 1,321 ($15.96) and a 1 year high of GBX 1,936.50 ($23.40). The company has a debt-to-equity ratio of 86.10, a current ratio of 1.92 and a quick ratio of 1.16. The company’s 50-day moving average is GBX 1,501.73 and its 200 day moving average is GBX 1,559.77. The stock has a market capitalization of £3.87 billion and a P/E ratio of 2,365.08.

The Weir Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 4th. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 13.50 ($0.16) per share. This represents a dividend yield of 0.83%. This is a boost from The Weir Group’s previous dividend of $12.30. The ex-dividend date is Thursday, October 6th. The Weir Group’s payout ratio is presently 37.78%.

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.

Further Reading

Analyst Recommendations for The Weir Group (LON:WEIR)

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