The Weir Group (LON:WEIR) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of The Weir Group PLC (LON:WEIR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,067.86 ($25.92) and traded as high as GBX 2,224 ($27.88). The Weir Group shares last traded at GBX 2,198 ($27.55), with a volume of 51,690 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on shares of The Weir Group from GBX 2,075 ($26.01) to GBX 2,300 ($28.83) and gave the company an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Stock Up 0.7 %

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 business has a 50-day simple moving average of GBX 2,175.06 and a 200-day simple moving average of GBX 2,067.86. The stock has a market cap of £5.71 billion, a P/E ratio of 2,585.88, a PEG ratio of 2.59 and a beta of 1.41.

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.