WEIR GRP PLC/S (OTCMKTS:WEGRY) Downgraded to “Hold” at Deutsche Bank

Deutsche Bank cut shares of WEIR GRP PLC/S (OTCMKTS:WEGRY) from a buy rating to a hold rating in a research report report published on Monday, The Fly reports.

A number of other equities analysts have also recently issued reports on WEGRY. Stifel Nicolaus cut WEIR GRP PLC/S from a buy rating to a hold rating in a report on Thursday, February 27th. Credit Suisse Group cut WEIR GRP PLC/S from an outperform rating to a neutral rating in a report on Thursday, December 19th. Finally, Zacks Investment Research raised WEIR GRP PLC/S from a sell rating to a hold rating in a report on Wednesday, March 18th. Seven investment analysts have rated the stock with a hold rating, WEIR GRP PLC/S currently has a consensus rating of Hold and a consensus price target of $12.00.

Shares of WEGRY opened at $4.50 on Monday. WEIR GRP PLC/S has a 1 year low of $3.98 and a 1 year high of $12.02. The stock has a 50 day simple moving average of $7.61 and a 200-day simple moving average of $8.83. The stock has a market cap of $2.05 billion, a PE ratio of 8.04, a PEG ratio of 0.68 and a beta of 1.50.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, April 24th will be issued a dividend of $0.176 per share. This is a boost from WEIR GRP PLC/S’s previous Semi-Annual dividend of $0.09. The ex-dividend date of this dividend is Thursday, April 23rd. WEIR GRP PLC/S’s dividend payout ratio (DPR) is currently 32.14%.

WEIR GRP PLC/S Company Profile

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. 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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Analyst Recommendations for WEIR GRP PLC/S (OTCMKTS:WEGRY)

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