WEIR GRP PLC/S (WEGRY) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of WEIR GRP PLC/S (OTCMKTS:WEGRY) from a sell rating to a hold rating in a research report sent to investors on Thursday.
According to Zacks, “The Weir Group PLC provides engineering solutions. The company’s operating segment consists of Minerals, Oil & Gas and Flow Control. Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. Flow Control segment designs and manufactures valves and pumps. Minerals segment offers provision of slurry handling equipment and associated aftermarket support. It also provides specialist support services to the global power generation, industrial and oil and gas sectors. The Weir Group PLC is headquartered in Glasgow, the United Kingdom. “
Separately, ValuEngine lowered WEIR GRP PLC/S from a hold rating to a sell rating in a research report on Monday, February 4th.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, April 26th will be given a dividend of $0.183 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from WEIR GRP PLC/S’s previous Semi-Annual dividend of $0.18. WEIR GRP PLC/S’s payout ratio is 32.73%.
WEIR GRP PLC/S Company Profile
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.
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