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

The Weir Group PLC (LON:WEIR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,080.33 ($25.40) and traded as high as GBX 2,244 ($27.40). The Weir Group shares last traded at GBX 2,206 ($26.94), with a volume of 266,550 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on The Weir Group from GBX 2,075 ($25.34) to GBX 2,300 ($28.08) and gave the company an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Stock Down 1.3 %

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 stock has a market cap of £5.73 billion, a PE ratio of 2,595.29, a P/E/G ratio of 2.59 and a beta of 1.41. The business has a 50 day moving average price of GBX 2,197.86 and a 200 day moving average price of GBX 2,080.33.

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.