WEIR GRP PLC/S (OTCMKTS:WEGRY) Receives Hold Rating from Zacks Investment Research

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Zacks Investment Research reaffirmed their hold rating on shares of WEIR GRP PLC/S (OTCMKTS:WEGRY) in a research report sent to investors on Saturday morning, Zacks.com reports.

According to Zacks, “The Weir Group PLC provides engineering solutions. The company’s operating segment consists of Minerals, Oil & Gas and Flow Control. Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. Flow Control segment designs and manufactures valves and pumps. Minerals segment offers provision of slurry handling equipment and associated aftermarket support. It also provides specialist support services to the global power generation, industrial and oil and gas sectors. The Weir Group PLC is headquartered in Glasgow, the United Kingdom. “

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. lowered WEIR GRP PLC/S from an overweight rating to a neutral rating in a research note on Wednesday, September 18th. UBS Group lowered WEIR GRP PLC/S from a buy rating to a neutral rating in a research note on Thursday, October 17th. Finally, Liberum Capital lowered WEIR GRP PLC/S from a buy rating to a hold rating in a research note on Friday, June 21st. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and a consensus target price of $12.00.

Shares of WEIR GRP PLC/S stock opened at $8.66 on Friday. The firm has a market cap of $4.26 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.38 and a beta of 1.58. WEIR GRP PLC/S has a 12 month low of $7.49 and a 12 month high of $12.02. The stock’s fifty day moving average price is $8.91 and its 200-day moving average price is $9.49.

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 10th. WEIR GRP PLC/S’s dividend payout ratio is currently 28.57%.

About WEIR GRP PLC/S

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

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