The Weir Group (OTCMKTS:WEGRY) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of The Weir Group (OTCMKTS:WEGRY - Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, BNP Paribas cut The Weir Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy".

The Weir Group Stock Down 0.4%

Shares of OTCMKTS WEGRY traded down $0.06 during trading hours on Thursday, hitting $15.80. The stock had a trading volume of 2,190 shares, compared to its average volume of 8,034. The firm's 50-day moving average price is $14.97 and its two-hundred day moving average price is $14.45. The Weir Group has a 52 week low of $11.80 and a 52 week high of $16.69. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62.

The Weir Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.1394 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from The Weir Group's previous dividend of $0.10.

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.