|Bid||1,520.00 x 0|
|Ask||1,521.50 x 0|
|Day's range||1,506.00 - 1,563.00|
|52-week range||608.60 - 1,670.50|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||N/A|
|Earnings date||29 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||23 Apr 2020|
|1y target est||1,957.11|
Caterpillar (NYSE: CAT) has signed an agreement to acquire Weir Group's (LSE: WEIR) oil and natural gas division, Weir Oil & Gas, for $405 million in cash. Here's what the deal means for Weir and Caterpillar, and whether investors should consider buying shares of Caterpillar, which are now trading at a 52-week high. When Weir Group announced its 2019 results in April, the company hinted that it was interested in selling its struggling oil and gas business as part of a shift toward becoming a pure-play mining company.
The latest acquisition will aid Caterpillar (CAT) to expand its offerings in the oil & gas market.
The Weir Group share price explodes on the long-awaited agreed sale of its oil and gas division. Is now a good time to buy the stock, asks this Fool? The post Weir Group share price explodes! Here’s what I’m doing about it appeared first on The Motley Fool UK.