The Weir Group (LON:WEIR) Stock Crosses Above 200-Day Moving Average – Should You Sell?

The Weir Group PLC (LON:WEIR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,158.31 ($27.36) and traded as high as GBX 2,278 ($28.87). The Weir Group shares last traded at GBX 2,260 ($28.64), with a volume of 466,046 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price target on shares of The Weir Group from GBX 2,075 ($26.30) to GBX 2,300 ($29.15) and gave the company an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Stock Up 1.3 %

The firm has a market capitalization of £5.90 billion, a PE ratio of 26.91, a PEG ratio of 2.59 and a beta of 1.41. The business’s 50 day simple moving average is GBX 2,282.16 and its 200 day simple moving average is GBX 2,161.06. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30.

About The Weir Group

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.