Weir Group (LON:WEIR) had its target price increased by Royal Bank of Canada from GBX 1,900 ($24.83) to GBX 2,000 ($26.13) in a research note issued to investors on Monday morning, Digital Look reports. They currently have an outperform rating on the stock.
WEIR has been the subject of a number of other reports. Deutsche Bank reaffirmed a buy rating and issued a GBX 1,815 ($23.72) price objective on shares of Weir Group in a research note on Thursday, February 28th. Numis Securities reaffirmed a hold rating and issued a GBX 1,500 ($19.60) price objective on shares of Weir Group in a research note on Wednesday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of Weir Group from GBX 1,940 ($25.35) to GBX 1,800 ($23.52) and set an overweight rating for the company in a research note on Thursday, May 9th. Peel Hunt reaffirmed a buy rating on shares of Weir Group in a research note on Friday, May 17th. Finally, UBS Group reaffirmed a buy rating on shares of Weir Group in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 1,880.63 ($24.57).
LON:WEIR opened at GBX 1,558 ($20.36) on Monday. Weir Group has a 1-year low of GBX 1,222.50 ($15.97) and a 1-year high of GBX 2,333 ($30.48). The stock has a market capitalization of $4.03 billion and a P/E ratio of 210.54. The company has a quick ratio of 0.56, a current ratio of 1.30 and a debt-to-equity ratio of 65.31.
The company also recently announced a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be issued a GBX 30.45 ($0.40) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Weir Group’s previous dividend of $15.75. This represents a yield of 1.91%. Weir Group’s payout ratio is currently 8.24%.
In other Weir Group news, insider Graham Vanhegan sold 2,085 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of GBX 1,690 ($22.08), for a total value of £35,236.50 ($46,042.73).
About Weir Group
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.
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