Brokerages Set The Weir Group PLC (OTCMKTS:WEGRY) Target Price at $2,150.00

The Weir Group PLC (OTCMKTS:WEGRY) has been assigned an average rating of “Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $2,150.00.

WEGRY has been the subject of several research reports. Exane BNP Paribas raised shares of The Weir Group from a “neutral” rating to an “outperform” rating and set a 2,150.00 price objective for the company in a research note on Monday, October 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of The Weir Group in a research note on Monday, October 11th. Citigroup reissued a “neutral” rating on shares of The Weir Group in a research note on Tuesday, October 12th. Barclays reissued an “overweight” rating on shares of The Weir Group in a research note on Friday, October 15th. Finally, Stifel Nicolaus raised shares of The Weir Group from a “hold” rating to a “buy” rating in a research note on Monday, October 11th.

WEGRY stock remained flat at $$11.91 during midday trading on Thursday. 11,042 shares of the company’s stock traded hands, compared to its average volume of 17,977. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.10 and a current ratio of 1.59. The Weir Group has a 12-month low of $10.92 and a 12-month high of $15.25. The business has a 50-day moving average price of $11.94 and a 200-day moving average price of $12.56.

The business also recently announced a dividend, which was paid on Wednesday, November 10th. Shareholders of record on Friday, October 8th were paid a $0.0783 dividend. The ex-dividend date of this dividend was Thursday, October 7th. This represents a yield of 0.68%.

The Weir Group Company Profile

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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Analyst Recommendations for The Weir Group (OTCMKTS:WEGRY)

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