The Weir Group (LON:WEIR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

The Weir Group PLC (LON:WEIR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,073.29 ($25.66) and traded as high as GBX 2,210 ($27.35). The Weir Group shares last traded at GBX 2,210 ($27.35), with a volume of 286,300 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on shares of The Weir Group from GBX 2,075 ($25.68) to GBX 2,300 ($28.47) and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

The Weir Group Stock Performance

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 firm has a market cap of £5.74 billion, a price-to-earnings ratio of 2,600.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The stock has a fifty day moving average price of GBX 2,185.67 and a 200-day moving average price of GBX 2,073.29.

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.