The Weir Group (LON:WEIR) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of The Weir Group PLC (LON:WEIR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,080.33 ($25.40) and traded as high as GBX 2,244 ($27.40). The Weir Group shares last traded at GBX 2,206 ($26.94), with a volume of 266,550 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their target price on The Weir Group from GBX 2,075 ($25.34) to GBX 2,300 ($28.08) and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

The Weir Group Stock Performance

The firm has a 50-day moving average price of GBX 2,197.86 and a 200 day moving average price of GBX 2,080.33. The firm has a market capitalization of £5.73 billion, a PE ratio of 2,595.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 79.85.

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.