Weir Group (LON:WEIR) had its price objective decreased by Deutsche Bank from GBX 1,300 ($17.10) to GBX 950 ($12.50) in a research report report published on Monday morning, Stock Target Advisor reports. Deutsche Bank currently has a buy rating on the stock.
A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Weir Group from GBX 1,300 ($17.10) to GBX 1,400 ($18.42) and gave the stock a neutral rating in a report on Thursday, February 27th. Morgan Stanley downgraded shares of Weir Group to an equal weight rating and cut their price target for the stock from GBX 1,610 ($21.18) to GBX 1,350 ($17.76) in a report on Monday, March 16th. Goldman Sachs Group cut their price target on shares of Weir Group from GBX 1,450 ($19.07) to GBX 1,190 ($15.65) and set a neutral rating for the company in a report on Friday, March 20th. Jefferies Financial Group cut their price target on shares of Weir Group from GBX 1,450 ($19.07) to GBX 1,380 ($18.15) and set a hold rating for the company in a report on Tuesday, February 25th. Finally, Liberum Capital restated a hold rating on shares of Weir Group in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 1,455.50 ($19.15).
Shares of Weir Group stock opened at GBX 736.80 ($9.69) on Monday. The company has a debt-to-equity ratio of 94.51, a current ratio of 1.26 and a quick ratio of 0.72. The stock’s 50 day simple moving average is GBX 1,178.43 and its 200-day simple moving average is GBX 1,375.13. The stock has a market cap of $1.92 billion and a P/E ratio of -5.03. Weir Group has a 1-year low of GBX 608.60 ($8.01) and a 1-year high of GBX 1,814.50 ($23.87).
The firm also recently declared a dividend, which will be paid on Friday, June 5th. Shareholders of record on Thursday, April 23rd will be paid a dividend of GBX 30.45 ($0.40) per share. The ex-dividend date of this dividend is Thursday, April 23rd. This is a positive change from Weir Group’s previous dividend of $16.50. This represents a yield of 2.19%. Weir Group’s dividend payout ratio is -0.42%.
In other Weir Group news, insider Barbara Jeremiah purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of GBX 1,300 ($17.10) per share, for a total transaction of £26,000 ($34,201.53).
Weir Group Company Profile
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.
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