Nick Anderson Buys 3,100 Shares of The Weir Group PLC (LON:WEIR) Stock

The Weir Group PLC (LON:WEIR) insider Nick Anderson purchased 3,100 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of GBX 1,959 ($25.62) per share, with a total value of £60,729 ($79,415.46).

The Weir Group Price Performance

WEIR stock opened at GBX 2,036 ($26.62) on Friday. The Weir Group PLC has a 52-week low of GBX 1,652.50 ($21.61) and a 52-week high of GBX 2,210.25 ($28.90). The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 79.85. The stock has a market cap of £5.29 billion, a price-to-earnings ratio of 2,395.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The business has a fifty day moving average of GBX 1,944.99 and a two-hundred day moving average of GBX 1,997.20.

The Weir Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 17.90 ($0.23) per share. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, October 3rd. The Weir Group’s payout ratio is 4,588.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Shore Capital restated a “buy” rating on shares of The Weir Group in a report on Tuesday, August 20th. Royal Bank of Canada upped their price objective on shares of The Weir Group from GBX 2,475 ($32.37) to GBX 2,500 ($32.69) and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Berenberg Bank cut their price objective on shares of The Weir Group from GBX 2,600 ($34.00) to GBX 2,450 ($32.04) and set a “buy” rating for the company in a research report on Tuesday, August 6th.

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.