Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered 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. Credit Suisse Group reiterated an outperform rating on shares of Weir Group in a report on Monday, April 29th. Peel Hunt upped their price objective on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,875 ($24.50) and gave the stock a buy rating in a report on Thursday, April 25th. Citigroup reiterated a buy rating and issued a GBX 1,950 ($25.48) price objective on shares of Weir Group in a report on Monday, April 15th. Finally, Deutsche Bank reiterated a buy rating on shares of Weir Group in a report on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 1,874.38 ($24.49).
Weir Group stock opened at GBX 1,575 ($20.58) on Tuesday. The company has a debt-to-equity ratio of 65.31, a quick ratio of 0.56 and a current ratio of 1.30. Weir Group has a 12 month low of GBX 1,222.50 ($15.97) and a 12 month high of GBX 2,333 ($30.48). The firm has a market cap of $4.08 billion and a PE ratio of 212.84.
The firm also recently disclosed a dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, April 25th will be issued a GBX 30.45 ($0.40) dividend. The ex-dividend date is Thursday, April 25th. This is a boost from Weir Group’s previous dividend of $15.75. This represents a yield of 1.91%. Weir Group’s dividend payout ratio is currently 8.24%.
In related news, insider Graham Vanhegan sold 2,085 shares of the company’s stock in a transaction on 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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