The Weir Group PLC (LON:WEIR – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,210.88 ($28.72) and traded as high as GBX 2,384 ($30.97). The Weir Group shares last traded at GBX 2,364 ($30.71), with a volume of 363,945 shares trading hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upped their price target on The Weir Group from GBX 2,500 ($32.47) to GBX 2,700 ($35.07) and gave the company an “outperform” rating in a report on Monday, March 3rd.
View Our Latest Analysis on WEIR
The Weir Group Price Performance
The Weir Group (LON:WEIR – Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 120 ($1.56) earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. Sell-side analysts expect that The Weir Group PLC will post 136.0509554 EPS for the current fiscal year.
Insiders Place Their Bets
In other The Weir Group news, insider Brian Puffer sold 9,794 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of GBX 2,414 ($31.35), for a total value of £236,427.16 ($307,088.14). 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.
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