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

The Weir Group PLC (LON:WEIR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,126.94 ($26.39) and traded as high as GBX 2,372 ($29.43). The Weir Group shares last traded at GBX 2,328 ($28.88), with a volume of 2,059,480 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on The Weir Group from GBX 2,075 ($25.74) to GBX 2,300 ($28.53) and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

The Weir Group Price Performance

The company has a market capitalization of £6.04 billion, a PE ratio of 2,738.82, a PEG ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85. The company’s 50 day moving average price is GBX 2,267.80 and its 200-day moving average price is GBX 2,126.94.

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.