The Weir Group (OTCMKTS:WEGRY) Reaches New 1-Year High at $14.81

The Weir Group PLC (OTCMKTS:WEGRY) shares reached a new 52-week high on Tuesday . The stock traded as high as $14.81 and last traded at $14.24, with a volume of 2724 shares traded. The stock had previously closed at $14.36.

Analysts Set New Price Targets

Several research analysts recently commented on WEGRY shares. Barclays raised shares of The Weir Group to a “strong-buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada upgraded The Weir Group to a “moderate buy” rating in a research note on Wednesday, July 31st.

The Weir Group Trading Down 0.8 %

The business’s 50-day moving average price is $12.98 and its 200 day moving average price is $13.00.

The Weir Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 4th will be paid a $0.095 dividend. The ex-dividend date is Friday, October 4th.

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.