The Weir Group (LON:WEIR) Sets New 12-Month High at $2,127.26

The Weir Group PLC (LON:WEIR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 2,127.26 ($26.72) and last traded at GBX 2,122 ($26.65), with a volume of 192218 shares traded. The stock had previously closed at GBX 2,110 ($26.50).

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WEIR shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 2,075 ($26.06) price objective on shares of The Weir Group in a research note on Tuesday, April 30th. Shore Capital restated a "buy" rating on shares of The Weir Group in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Weir Group has an average rating of "Moderate Buy" and an average target price of GBX 2,188.75 ($27.49).

The Weir Group Stock Up 0.5 %

The stock's fifty day moving average price is GBX 2,018.97 and its 200 day moving average price is GBX 1,898.62. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 82.21. The stock has a market cap of £5.50 billion, a P/E ratio of 2,409.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

The Weir Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 20.80 ($0.26) per share. This is an increase from The Weir Group's previous dividend of $17.80. The ex-dividend date is Thursday, April 18th. This represents a yield of 1.11%. The Weir Group's dividend payout ratio (DPR) is presently 4,431.82%.

Insider Activity

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of The Weir Group stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.57), for a total transaction of £38,052.84 ($47,793.07). Corporate insiders own 0.42% of the company's stock.

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.