The Weir Group PLC (LON:WEIR) Insider Nick Anderson Purchases 3,100 Shares of Stock

The Weir Group PLC (LON:WEIR) insider Nick Anderson acquired 3,100 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of GBX 1,959 ($25.62) per share, with a total value of £60,729 ($79,415.46).

The Weir Group Stock Performance

The company has a market cap of £5.15 billion, a price-to-earnings ratio of 2,343.02, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85. The Weir Group PLC has a fifty-two week low of GBX 1,652.50 ($21.61) and a fifty-two week high of GBX 2,210.25 ($28.90). The stock’s 50-day moving average price is GBX 1,943.71 and its 200 day moving average price is GBX 1,995.95.

The Weir Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 17.90 ($0.23) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 0.93%. The Weir Group’s payout ratio is 4,588.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WEIR shares. Shore Capital restated a “buy” rating on shares of The Weir Group in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of The Weir Group from GBX 2,475 ($32.37) to GBX 2,500 ($32.69) and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Berenberg Bank decreased their target price on The Weir Group from GBX 2,600 ($34.00) to GBX 2,450 ($32.04) and set a “buy” rating on the stock in a research report on Tuesday, August 6th.

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.