The Weir Group (LON:WEIR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

The Weir Group PLC (LON:WEIR)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,853.54 and traded as high as GBX 3,502. The Weir Group shares last traded at GBX 3,469.03, with a volume of 796,267 shares traded.

Analyst Ratings Changes

WEIR has been the subject of several recent research reports. Shore Capital Group reissued a “hold” rating and issued a GBX 2,750 price objective on shares of The Weir Group in a research note on Wednesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 3,300 to GBX 3,450 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Peel Hunt restated a “buy” rating and set a GBX 3,000 price target on shares of The Weir Group in a research report on Wednesday, November 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 3,175 price objective on shares of The Weir Group in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of The Weir Group from GBX 3,140 to GBX 3,280 and gave the stock a “buy” rating in a research note on Monday, January 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 3,243.57.

The Weir Group Trading Up 0.3%

The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30. The company’s 50-day moving average is GBX 3,119.40 and its 200-day moving average is GBX 2,853.54. The stock has a market capitalization of £9.01 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.59 and a beta of 1.41.

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. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.