Weir Group (LON:WEIR) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reiterated their buy rating on shares of Weir Group (LON:WEIR) in a research note published on Monday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group reiterated a neutral rating on shares of Weir Group in a report on Wednesday, July 10th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Weir Group in a report on Friday, June 28th. Liberum Capital cut Weir Group to a hold rating and cut their price objective for the company from GBX 1,800 ($23.52) to GBX 1,650 ($21.56) in a report on Friday, June 21st. Credit Suisse Group reiterated an outperform rating on shares of Weir Group in a report on Wednesday, July 3rd. Finally, Barclays reiterated an overweight rating on shares of Weir Group in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 1,844.67 ($24.10).

LON:WEIR opened at GBX 1,497 ($19.56) on Monday. Weir Group has a fifty-two week low of GBX 1,222.50 ($15.97) and a fifty-two week high of GBX 2,032 ($26.55). The company has a debt-to-equity ratio of 65.31, a current ratio of 1.30 and a quick ratio of 0.56. The company has a market cap of $3.89 billion and a PE ratio of 202.30. The company’s 50-day simple moving average is GBX 1,511.09.

The company also recently announced a dividend, which will be paid on Tuesday, November 5th. Shareholders of record on Thursday, October 10th will be paid a GBX 16.50 ($0.22) dividend. This represents a yield of 1.09%. The ex-dividend date is Thursday, October 10th. Weir Group’s payout ratio is 8.24%.

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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Analyst Recommendations for Weir Group (LON:WEIR)

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