The Weir Group (LON:WEIR) Reaches New 52-Week High at $2,096.00

The Weir Group PLC (LON:WEIR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,096 ($26.33) and last traded at GBX 2,084 ($26.18), with a volume of 1225134 shares traded. The stock had previously closed at GBX 2,078 ($26.11).

Wall Street Analysts Forecast Growth

WEIR has been the topic of a number of recent research reports. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a research note 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 research report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The Weir Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,188.75 ($27.50).

The Weir Group Stock Down 0.1 %

The company has a market cap of £5.48 billion, a price-to-earnings ratio of 2,402.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 82.21. The stock has a 50-day simple moving average of GBX 2,001.13 and a 200-day simple moving average of GBX 1,887.06.

The Weir Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be given a GBX 20.80 ($0.26) dividend. This represents a 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 dividend payout ratio is currently 4,431.82%.

Insiders Place Their Bets

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.58), for a total transaction of £38,052.84 ($47,805.08). 0.40% of the stock is owned by insiders.

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.