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

The Weir Group PLC (LON:WEIR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,034.56 ($26.42) and traded as high as GBX 2,136 ($27.73). The Weir Group shares last traded at GBX 2,109.52 ($27.39), with a volume of 458,822 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on The Weir Group from GBX 2,475 ($32.13) to GBX 2,500 ($32.46) and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Berenberg Bank cut their price target on shares of The Weir Group from GBX 2,600 ($33.76) to GBX 2,450 ($31.81) and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Shore Capital reissued a “buy” rating on shares of The Weir Group in a research note on Tuesday, August 20th.

The Weir Group Trading Down 1.8 %

The company has a fifty day simple moving average of GBX 2,056.85 and a two-hundred day simple moving average of GBX 2,034.56. 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 has a market cap of £5.45 billion, a PE ratio of 2,481.78, a P/E/G ratio of 2.59 and a beta of 1.41.

The Weir Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a GBX 17.90 ($0.23) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.93%. The Weir Group’s dividend payout ratio (DPR) is 4,588.24%.

Insiders Place Their Bets

In other The Weir Group news, insider Nick Anderson bought 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of GBX 1,959 ($25.43) per share, with a total value of £60,729 ($78,848.35). 0.31% of the stock is currently owned by company insiders.

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.