The Weir Group’s (WEGRY) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of The Weir Group (OTCMKTS:WEGRY) in a research report sent to investors on Monday, The Fly reports.

Several other brokerages have also weighed in on WEGRY. Morgan Stanley reaffirmed an overweight rating on shares of The Weir Group in a research report on Friday, October 8th. Peel Hunt raised The Weir Group from a hold rating to a buy rating in a research note on Tuesday, August 31st. Stifel Nicolaus raised The Weir Group from a hold rating to a buy rating in a research note on Monday. Societe Generale reissued a buy rating on shares of The Weir Group in a research note on Monday, August 2nd. Finally, JPMorgan Chase & Co. raised The Weir Group from a neutral rating to an overweight rating in a research note on Thursday, August 19th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, The Weir Group currently has a consensus rating of Buy and a consensus target price of $16.00.

Shares of OTCMKTS WEGRY opened at $11.28 on Monday. The Weir Group has a 1-year low of $9.36 and a 1-year high of $15.25. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.61 and a quick ratio of 1.93. The business’s fifty day moving average price is $11.89 and its two-hundred day moving average price is $12.82. The firm has a market capitalization of $5.86 billion, a PE ratio of 23.50 and a beta of 2.09.

The company also recently announced a dividend, which will be paid on Wednesday, November 10th. Investors of record on Friday, October 8th will be paid a dividend of $0.0783 per share. The ex-dividend date is Thursday, October 7th. This represents a yield of 0.68%. The Weir Group’s dividend payout ratio is currently 12.50%.

About The Weir Group

The Weir Group Plc engages in the provision of engineering solutions. It operates through the following segments: Minerals, Oil and Gas, and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.

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