Credit Suisse Group restated their outperform rating on shares of Weir Group (LON:WEIR) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently commented on WEIR. JPMorgan Chase & Co. cut their price target on shares of Weir Group from GBX 1,940 ($25.35) to GBX 1,800 ($23.52) and set an overweight rating on the stock in a report on Thursday, May 9th. Barclays reiterated an overweight rating on shares of Weir Group in a report on Tuesday, May 14th. Liberum Capital reiterated a buy rating on shares of Weir Group in a report on Thursday, March 21st. Peel Hunt upped their price target on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,875 ($24.50) and gave the company a buy rating in a report on Thursday, April 25th. Finally, Canaccord Genuity cut their price target on shares of Weir Group from GBX 1,850 ($24.17) to GBX 1,800 ($23.52) and set a buy rating on the stock in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Weir Group has a consensus rating of Buy and an average price target of GBX 1,874.38 ($24.49).
Weir Group stock opened at GBX 1,575 ($20.58) on Thursday. Weir Group has a twelve month low of GBX 1,222.50 ($15.97) and a twelve month high of GBX 2,333 ($30.48). The company has a debt-to-equity ratio of 65.31, a quick ratio of 0.56 and a current ratio of 1.30. The stock has a market capitalization of $4.08 billion and a PE ratio of 212.84.
The company also recently declared a dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, April 25th will be issued a dividend of GBX 30.45 ($0.40) per share. This represents a yield of 1.91%. This is an increase from Weir Group’s previous dividend of $15.75. The ex-dividend date of this dividend is Thursday, April 25th. Weir Group’s dividend payout ratio is presently 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.
Read More: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.