The Weir Group (LON:WEIR) Reaches New 12-Month High at $2,036.00

Shares of The Weir Group PLC (LON:WEIR) hit a new 52-week high on Thursday . The stock traded as high as GBX 2,036 ($25.73) and last traded at GBX 2,024 ($25.58), with a volume of 8004 shares traded. The stock had previously closed at GBX 2,021 ($25.54).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of The Weir Group in a research note on Thursday, February 29th.

The Weir Group Trading Down 0.2 %

The company has a market cap of £5.23 billion, a price-to-earnings ratio of 2,296.59, a P/E/G ratio of 2.59 and a beta of 1.42. The company’s fifty day moving average is GBX 1,873.52 and its two-hundred day moving average is GBX 1,851.24. The company has a debt-to-equity ratio of 82.21, a quick ratio of 1.16 and a current ratio of 2.04.

The Weir Group Increases Dividend

The company also recently announced 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%. This is a positive change 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 4,431.82%.

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.