Shares of The Weir Group PLC (LON:WEIR – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,883.10 ($23.66) and traded as high as GBX 2,078 ($26.11). The Weir Group shares last traded at GBX 2,078 ($26.11), with a volume of 536,533 shares trading hands.
Analyst Ratings Changes
A number of analysts have recently weighed in on WEIR shares. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,075 ($26.07) price objective on shares of The Weir Group in a report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,188.75 ($27.50).
View Our Latest Analysis on WEIR
The Weir Group Price Performance
The Weir Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 20.80 ($0.26) per share. This represents a yield of 1.11%. This is a boost from The Weir Group’s previous dividend of $17.80. The ex-dividend date is Thursday, April 18th. The Weir Group’s payout ratio is presently 4,431.82%.
Insider Transactions at The Weir Group
In other news, insider Graham Vanhegan sold 1,869 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.58), for a total transaction of £38,052.84 ($47,805.08). Corporate insiders own 0.40% of the company’s stock.
The Weir Group Company Profile
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.
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