The Weir Group (LON:WEIR) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of The Weir Group (LON:WEIR) in a research note issued to investors on Tuesday morning, Marketbeat reports. They currently have a GBX 2,075 ($26.06) target price on the stock.

Separately, Shore Capital reiterated a buy rating on shares of The Weir Group in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, The Weir Group presently has an average rating of Moderate Buy and a consensus price target of GBX 2,188.75 ($27.49).

The Weir Group Stock Performance

WEIR stock opened at GBX 2,010 ($25.25) on Tuesday. 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 has a 50-day moving average price of GBX 1,980.66 and a 200 day moving average price of GBX 1,877.31. The company has a market capitalization of £5.22 billion, a P/E ratio of 2,284.09, a PEG ratio of 2.59 and a beta of 1.42. The Weir Group has a 1-year low of GBX 1,652.50 ($20.76) and a 1-year high of GBX 2,094 ($26.30).

The Weir Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 20.80 ($0.26) per share. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, April 18th. This is a positive change from The Weir Group’s previous dividend of $17.80. The Weir Group’s payout ratio is currently 4,431.82%.

Insider Transactions at The Weir Group

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 ($25.57), for a total transaction of £38,052.84 ($47,799.07). Insiders own 0.40% of the company’s stock.

About The Weir Group

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.