The Weir Group (LON:WEIR) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

The Weir Group PLC (LON:WEIR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,210.88 ($28.74) and traded as high as GBX 2,384 ($30.99). The Weir Group shares last traded at GBX 2,364 ($30.73), with a volume of 363,945 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price target on shares of The Weir Group from GBX 2,500 ($32.50) to GBX 2,700 ($35.10) and gave the stock an “outperform” rating in a report on Monday, March 3rd.

The Weir Group Stock Performance

The stock has a 50-day simple moving average of GBX 2,340.05 and a 200-day simple moving average of GBX 2,213.60. The stock has a market cap of £6.18 billion, a P/E ratio of 28.20, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16.

The Weir Group (LON:WEIR) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 120 ($1.56) EPS for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Research analysts forecast that The Weir Group PLC will post 136.0509554 earnings per share for the current year.

The Weir Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 22.10 ($0.29) per share. This represents a dividend yield of 0.92%. This is a positive change from The Weir Group’s previous dividend of $17.90. The ex-dividend date of this dividend is Thursday, April 17th. The Weir Group’s dividend payout ratio (DPR) is presently 45.83%.

Insider Activity

In other news, insider Brian Puffer sold 9,794 shares of The Weir Group stock in a transaction on Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.38), for a total transaction of £236,427.16 ($307,367.60). 0.31% of the stock is currently owned by insiders.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.