The Weir Group PLC (LON:WEIR) Plans GBX 17.90 Dividend

The Weir Group PLC (LON:WEIR) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 17.90 ($0.24) per share on Friday, November 1st. This represents a yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 3rd. The official announcement can be viewed at this link.

The Weir Group Stock Performance

Shares of WEIR stock opened at GBX 2,142 ($28.65) on Wednesday. The company has a market capitalization of £5.56 billion, a P/E ratio of 2,529.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85. The business’s 50 day moving average is GBX 1,988.63 and its two-hundred day moving average is GBX 2,019.69. The Weir Group has a twelve month low of GBX 1,652.50 ($22.10) and a twelve month high of GBX 2,224 ($29.75).

Wall Street Analysts Forecast Growth

WEIR has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of The Weir Group from GBX 2,475 ($33.11) to GBX 2,500 ($33.44) and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Berenberg Bank lowered their target price on shares of The Weir Group from GBX 2,600 ($34.78) to GBX 2,450 ($32.77) and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Tuesday, August 20th.

Insider Buying and Selling

In other The Weir Group news, insider Nick Anderson acquired 3,100 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of GBX 1,959 ($26.20) per share, for a total transaction of £60,729 ($81,231.94). 0.42% of the stock is currently owned by corporate 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.