Weir Group PLC (WEIR) Insider Sells £8,463.36 in Stock
Weir Group PLC (LON:WEIR) insider Christopher Morgan sold 464 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of GBX 1,824 ($23.56), for a total value of £8,463.36 ($10,930.34).
Weir Group PLC (WEIR) traded down 0.94% during mid-day trading on Friday, reaching GBX 1798.00. The company’s stock had a trading volume of 434,963 shares. The company’s 50-day moving average price is GBX 1,808.27 and its 200 day moving average price is GBX 1,859.83. The firm’s market capitalization is GBX 3.92 billion. Weir Group PLC has a 52 week low of GBX 1,480.00 and a 52 week high of GBX 2,096.00.
The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be paid a GBX 15 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a dividend yield of 0.8%.
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A number of research firms recently commented on WEIR. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,200 ($28.41) target price on shares of Weir Group PLC in a research report on Wednesday, May 17th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 2,175 ($28.09) price objective on shares of Weir Group PLC in a research note on Tuesday, July 11th. Numis Securities Ltd raised Weir Group PLC to an “add” rating and set a GBX 2,050 ($26.48) price objective on the stock in a research note on Monday, July 17th. BNP Paribas reissued an “outperform” rating and set a GBX 2,300 ($29.70) price objective on shares of Weir Group PLC in a research note on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 2,400 ($31.00) price objective on shares of Weir Group PLC in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Weir Group PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 2,019.41 ($26.08).
Weir Group PLC Company Profile
The Weir Group PLC is a United Kingdom-based company, which is engaged in engineering businesses. The Company’s business operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
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