The Weir Group (LON:WEIR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

The Weir Group PLC (LON:WEIR) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,064.34 ($26.19) and traded as high as GBX 2,254 ($28.60). The Weir Group shares last traded at GBX 2,238 ($28.39), with a volume of 380,012 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on WEIR. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a research report on Tuesday, August 20th. JPMorgan Chase & Co. raised their target price on The Weir Group from GBX 2,075 ($26.33) to GBX 2,300 ($29.18) and gave the company an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Trading Down 0.4 %

The company has a debt-to-equity ratio of 79.85, a current ratio of 2.07 and a quick ratio of 1.16. The firm has a market capitalization of £5.79 billion, a PE ratio of 2,632.94, a PEG ratio of 2.59 and a beta of 1.41. The firm’s fifty day moving average is GBX 2,165.18 and its two-hundred day moving average is GBX 2,064.34.

The Weir Group Company Profile

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.