Weir Group (LON:WEIR) Given Top pick Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their top pick rating on shares of Weir Group (LON:WEIR) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also issued reports on the stock. Deutsche Bank reduced their target price on shares of Weir Group from GBX 1,815 ($23.72) to GBX 1,600 ($20.91) and set a buy rating on the stock in a report on Wednesday, September 4th. Credit Suisse Group reduced their target price on shares of Weir Group from GBX 1,800 ($23.52) to GBX 1,700 ($22.21) and set an outperform rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. lowered shares of 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. Liberum Capital restated a hold rating and issued a GBX 1,450 ($18.95) target price on shares of Weir Group in a report on Friday, September 6th. Finally, UBS Group restated a buy rating on shares of Weir Group in a report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 1,717 ($22.44).

LON:WEIR opened at GBX 1,337 ($17.47) on Wednesday. The firm has a market cap of $3.45 billion and a price-to-earnings ratio of 891.33. The company has a current ratio of 2.00, a quick ratio of 1.19 and a debt-to-equity ratio of 86.36. The company’s 50-day moving average is GBX 1,414.63 and its two-hundred day moving average is GBX 1,521.33. Weir Group has a 12-month low of GBX 1,222.50 ($15.97) and a 12-month high of GBX 1,814.50 ($23.71).

The business also recently disclosed a dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Thursday, October 10th will be issued a dividend of GBX 16.50 ($0.22) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.09%. Weir Group’s payout ratio is currently 22.00%.

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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Analyst Recommendations for Weir Group (LON:WEIR)

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