The Weir Group (LON:WEIR) Stock Price Crosses Above 200-Day Moving Average of $1,870.26

The Weir Group PLC (LON:WEIR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,870.26 ($23.10) and traded as high as GBX 2,012 ($24.85). The Weir Group shares last traded at GBX 1,967 ($24.30), with a volume of 532,856 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th.

The Weir Group Stock Up 2.2 %

The stock has a market cap of £5.22 billion, a PE ratio of 2,284.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42. The firm has a fifty day moving average of GBX 1,966.48 and a 200 day moving average of GBX 1,871.22. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 82.21.

The Weir Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be paid a GBX 20.80 ($0.26) dividend. This represents a yield of 1.11%. The ex-dividend date is Thursday, April 18th. This is an increase from The Weir Group’s previous dividend of $17.80. The Weir Group’s dividend payout ratio is currently 4,431.82%.

Insider Buying and Selling at The Weir Group

In other The Weir Group news, insider Graham Vanhegan sold 1,869 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.15), for a total value of £38,052.84 ($47,002.03). 0.40% of the stock is currently owned by insiders.

About The Weir Group

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.