Weir Group PLC Plans Dividend of GBX 16.50 (LON:WEIR)

Weir Group PLC (LON:WEIR) announced a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 10th will be paid a dividend of GBX 16.50 ($0.22) per share on Tuesday, November 5th. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, October 10th. The official announcement can be seen at this link.

Shares of WEIR stock opened at GBX 1,344.60 ($17.57) on Wednesday. The stock’s fifty day moving average price is GBX 1,413.73 and its two-hundred day moving average price is GBX 1,522.89. The company has a market cap of $3.49 billion and a PE ratio of 896.40. Weir Group has a fifty-two week low of GBX 1,222.50 ($15.97) and a fifty-two week high of GBX 1,814.50 ($23.71). The company has a debt-to-equity ratio of 86.36, a quick ratio of 1.19 and a current ratio of 2.00.

WEIR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Weir Group to a “neutral” rating and reduced their target price for the company from GBX 1,650 ($21.56) to GBX 1,500 ($19.60) in a report on Wednesday, September 18th. UBS Group reaffirmed a “buy” rating on shares of Weir Group in a report on Thursday, September 12th. Royal Bank of Canada reissued a “top pick” rating on shares of Weir Group in a report on Wednesday. Barclays reissued an “overweight” rating and set a GBX 1,850 ($24.17) price objective on shares of Weir Group in a report on Wednesday. Finally, Citigroup reissued a “buy” rating on shares of Weir Group in a report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,717 ($22.44).

About Weir Group

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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Dividend History for Weir Group (LON:WEIR)

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