The Weir Group (OTCMKTS:WEGRY) Upgraded at UBS Group

UBS Group upgraded shares of The Weir Group (OTCMKTS:WEGRY) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, BNP Paribas downgraded The Weir Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Weir Group has a consensus rating of “Strong Buy”.

The Weir Group Trading Down 1.1 %

Shares of WEGRY opened at $15.49 on Thursday. The Weir Group has a 12-month low of $11.80 and a 12-month high of $16.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 2.07. The company has a 50-day moving average of $14.96 and a two-hundred day moving average of $14.42.

The Weir Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.1394 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from The Weir Group’s previous dividend of $0.10.

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.