The Weir Group (OTCMKTS:WEGRY) Upgraded by Bank of America to Buy

Bank of America upgraded shares of The Weir Group (OTCMKTS:WEGRY – Free Report) from a neutral rating to a buy rating in a research note issued to investors on Thursday, FlyOnTheWall reports.

Several other research analysts also recently commented on WEGRY. Morgan Stanley boosted their target price on The Weir Group from GBX 1,760 ($22.23) to GBX 1,790 ($22.61) in a report on Wednesday, August 2nd. JPMorgan Chase & Co. boosted their target price on The Weir Group from GBX 2,175 ($27.47) to GBX 2,400 ($30.31) in a report on Wednesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Weir Group from GBX 2,135 ($26.96) to GBX 2,100 ($26.52) in a research report on Monday, July 10th.

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The Weir Group Price Performance

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Shares of WEGRY opened at $11.95 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.80 and a quick ratio of 1.17. The Weir Group has a one year low of $7.51 and a one year high of $12.20. The business’s 50 day simple moving average is $11.44 and its 200-day simple moving average is $11.30.

The Weir Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, November 8th. Investors of record on Friday, October 6th will be given a $0.0935 dividend. The ex-dividend date of this dividend is Thursday, October 5th.

The Weir Group Company Profile

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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.