tiprankstipranks
Advertisement
Advertisement

Weir Group CEO Transfers Shares to Spouse’s Account

Story Highlights
  • Weir Group PLC operates in the engineering industry, focusing on mining and infrastructure.
  • CEO Jon Stanton transferred 44,533 shares to a joint account with his wife, maintaining shareholding stability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Weir Group CEO Transfers Shares to Spouse’s Account

Elevate Your Investing Strategy:

An announcement from Weir Group plc (The) ( (GB:WEIR) ) is now available.

The Weir Group PLC announced a transaction involving the transfer of 44,533 ordinary shares by Jon Stanton, the Chief Executive Officer, to a nominee account held jointly with his wife, Rachel Stanton. This transfer, conducted at nil consideration, does not alter the aggregate shareholding of Jon Stanton and his closely associated persons. The transaction, compliant with the UK Market Abuse Regulation, signifies internal adjustments rather than any strategic shift, thus maintaining stability in the company’s shareholding structure.

The most recent analyst rating on (GB:WEIR) stock is a Buy with a £2570.00 price target. To see the full list of analyst forecasts on Weir Group plc (The) stock, see the GB:WEIR Stock Forecast page.

Spark’s Take on GB:WEIR Stock

According to Spark, TipRanks’ AI Analyst, GB:WEIR is a Outperform.

The Weir Group plc scores highly due to strong corporate events and positive technical indicators, indicating a robust market position. Financial performance is solid, though vigilance in leverage management is required. Valuation suggests a potential overvaluation, tempered by a modest dividend yield.

To see Spark’s full report on GB:WEIR stock, click here.

More about Weir Group plc (The)

The Weir Group PLC is a prominent company operating in the engineering industry, primarily focusing on the production of equipment for the mining and infrastructure sectors. The company is known for its innovative solutions and services that cater to the needs of its global clientele.

Average Trading Volume: 598,360

Technical Sentiment Signal: Buy

Current Market Cap: £6.5B

See more data about WEIR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1