The Weir Group (LON:WEIR) Stock Passes Above Two Hundred Day Moving Average of $1,883.10

The Weir Group PLC (LON:WEIR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,883.10 ($23.66) and traded as high as GBX 2,078 ($26.11). The Weir Group shares last traded at GBX 2,078 ($26.11), with a volume of 536,533 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WEIR. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,075 ($26.07) price target on shares of The Weir Group in a report on Tuesday, April 30th. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, The Weir Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,188.75 ($27.50).

The Weir Group Stock Performance

The company’s 50 day moving average is GBX 1,991.12 and its 200 day moving average is GBX 1,883.10. The firm has a market cap of £5.43 billion, a P/E ratio of 2,361.36, a P/E/G ratio of 2.59 and a beta of 1.42. 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 Weir Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be issued 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 dividend yield of 1.11%. The Weir Group’s dividend payout ratio (DPR) is 4,431.82%.

Insiders Place Their Bets

In other news, insider Graham Vanhegan sold 1,869 shares of The Weir Group stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.58), for a total transaction of £38,052.84 ($47,805.08). 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.