The Weir Group (OTCMKTS:WEGRY) Reaches New 52-Week Low at $8.38

The Weir Group PLC (OTCMKTS:WEGRYGet Rating)’s share price reached a new 52-week low on Thursday . The stock traded as low as $8.38 and last traded at $8.45, with a volume of 18571 shares trading hands. The stock had previously closed at $8.91.

Several analysts have weighed in on the company. HSBC upgraded The Weir Group from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Berenberg Bank dropped their price target on The Weir Group from GBX 2,240 ($27.44) to GBX 2,190 ($26.83) in a research note on Friday, March 18th. Finally, JPMorgan Chase & Co. boosted their price target on The Weir Group from GBX 1,915 ($23.46) to GBX 2,020 ($24.74) in a research note on Friday, April 29th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,130.00.

The company has a fifty day moving average price of $9.61 and a 200-day moving average price of $10.88. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 0.56.

The business also recently disclosed a dividend, which was paid on Thursday, June 9th. Stockholders of record on Friday, April 22nd were issued a $0.0652 dividend. The ex-dividend date of this dividend was Thursday, April 21st. This represents a dividend yield of 1.27%.

About The Weir Group (OTCMKTS:WEGRY)

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.

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