Weir Group (OTCMKTS:WEGRY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Weir Group (OTCMKTS:WEGRY) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of research analysts have commented on WEGRY shares. The Goldman Sachs Group cut Weir Group from a “buy” rating to a “hold” rating in a research note on Thursday. Kepler Capital Markets downgraded Weir Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th.

Weir Group Price Performance

Shares of WEGRY stock opened at $19.47 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 2.09. The firm’s 50 day moving average price is $18.70 and its 200-day moving average price is $17.35. Weir Group has a one year low of $12.45 and a one year high of $20.80.

Weir Group Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, November 7th. Shareholders of record on Monday, October 6th were given a $0.1096 dividend. This represents a yield of 128.0%. The ex-dividend date of this dividend was Friday, October 3rd.

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.