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

Royal Bank of Canada reaffirmed their top pick rating on shares of Weir Group (LON:WEIR) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other analysts also recently weighed in on WEIR. Peel Hunt downgraded shares of Weir Group to a hold rating and decreased their price target for the stock from GBX 1,875 ($24.50) to GBX 1,585 ($20.71) in a research report on Tuesday, September 24th. Jefferies Financial Group reissued a hold rating on shares of Weir Group in a research report on Wednesday, July 24th. Citigroup reissued a buy rating on shares of Weir Group in a research report on Monday, September 9th. UBS Group reissued a buy rating on shares of Weir Group in a research report on Thursday, September 12th. Finally, Deutsche Bank decreased their price target on shares of Weir Group from GBX 1,815 ($23.72) to GBX 1,600 ($20.91) and set a buy rating for the company in a research report on Wednesday, September 4th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Weir Group presently has an average rating of Buy and an average target price of GBX 1,717 ($22.44).

WEIR stock opened at GBX 1,337 ($17.47) on Wednesday. Weir Group has a twelve month low of GBX 1,222.50 ($15.97) and a twelve month high of GBX 1,814.50 ($23.71). 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 has a market capitalization of $3.45 billion and a P/E ratio of 891.33. The firm has a 50 day simple moving average of GBX 1,414.63 and a 200-day simple moving average of GBX 1,521.33.

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