Weir Group (OTCMKTS:WEGRY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Weir Group (OTCMKTS:WEGRY) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

Several brokerages have recently commented on WEGRY. The Goldman Sachs Group cut Weir Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 6th. Kepler Capital Markets downgraded Weir Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th.

Weir Group Stock Performance

Weir Group stock opened at $19.34 on Thursday. Weir Group has a 52 week low of $12.45 and a 52 week high of $20.80. The company has a quick ratio of 1.32, a current ratio of 2.09 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $18.87 and a 200 day moving average price of $17.45.

Weir Group Announces Dividend

The business also recently declared a dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 6th were given a $0.1096 dividend. This represents a dividend yield of 128.0%. The ex-dividend date of this dividend was Friday, October 3rd.

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.