The Weir Group (LON:WEIR) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of The Weir Group (LON:WEIR) in a research note released on Tuesday morning, MarketBeat reports. They currently have a GBX 2,075 ($26.06) price objective on the stock.

Separately, Shore Capital reiterated a buy rating on shares of The Weir Group in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, The Weir Group currently has an average rating of Moderate Buy and an average price target of GBX 2,188.75 ($27.49).

The Weir Group Stock Performance

Shares of WEIR stock opened at GBX 2,024.93 ($25.44) on Tuesday. The stock has a fifty day moving average price of GBX 1,974.35 and a 200 day moving average price of GBX 1,874.90. 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 stock has a market cap of £5.26 billion, a PE ratio of 2,329.55, a P/E/G ratio of 2.59 and a beta of 1.42. The Weir Group has a 1 year low of GBX 1,652.50 ($20.76) and a 1 year high of GBX 2,094 ($26.30).

The Weir Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 20.80 ($0.26) per share. This is an increase from The Weir Group’s previous dividend of $17.80. The ex-dividend date is Thursday, April 18th. This represents a yield of 1.11%. The Weir Group’s dividend payout ratio (DPR) is presently 4,431.82%.

Insider Activity

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.57), for a total value of £38,052.84 ($47,799.07). Company insiders own 0.40% of the company’s stock.

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.