The Weir Group PLC (LON:WEIR – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,029.74 ($26.50) and traded as high as GBX 2,140 ($27.94). The Weir Group shares last traded at GBX 2,108 ($27.53), with a volume of 422,861 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently issued reports on WEIR shares. Shore Capital reiterated a “buy” rating on shares of The Weir Group in a research note on Tuesday, August 20th. Royal Bank of Canada upped their price objective on shares of The Weir Group from GBX 2,475 ($32.32) to GBX 2,500 ($32.65) and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Berenberg Bank cut their price target on The Weir Group from GBX 2,600 ($33.95) to GBX 2,450 ($31.99) and set a “buy” rating for the company in a research note on Tuesday, August 6th.
Check Out Our Latest Research Report on The Weir Group
The Weir Group Trading Up 0.9 %
The Weir Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be paid a GBX 17.90 ($0.23) dividend. This represents a yield of 0.93%. The ex-dividend date is Thursday, October 3rd. The Weir Group’s dividend payout ratio is presently 4,588.24%.
Insiders Place Their Bets
In other news, insider Nick Anderson bought 3,100 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of GBX 1,959 ($25.58) per share, for a total transaction of £60,729 ($79,301.38). 0.31% of the stock is owned by company insiders.
The Weir Group Company Profile
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.
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