The Weir Group (LON:WEIR) Share Price Crosses Above 200-Day Moving Average of $1,961.41

The Weir Group PLC (LON:WEIR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,961.41 ($24.81) and traded as high as GBX 1,980 ($25.04). The Weir Group shares last traded at GBX 1,964 ($24.84), with a volume of 445,818 shares changing hands.

Analyst Ratings Changes

WEIR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,075 ($26.25) target price on shares of The Weir Group in a research note on Tuesday, April 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,600 ($32.89) price objective on shares of The Weir Group in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,238.75 ($28.32).

The Weir Group Stock Up 1.1 %

The company has a debt-to-equity ratio of 82.21, a current ratio of 2.04 and a quick ratio of 1.16. The company has a market capitalization of £5.15 billion, a price-to-earnings ratio of 2,231.82, a PEG ratio of 2.59 and a beta of 1.41. The firm has a 50-day moving average price of GBX 2,071.01 and a two-hundred day moving average price of GBX 1,961.41.

Insider Transactions at The Weir Group

In related news, insider Graham Vanhegan sold 1,869 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of GBX 2,036 ($25.75), for a total transaction of £38,052.84 ($48,131.60). 0.42% of the stock is owned by insiders.

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.