The Weir Group (LON:WEIR) Shares Cross 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 Tuesday . The stock has a 200-day moving average of GBX 2,228.60 ($28.85) and traded as high as GBX 2,464 ($31.90). The Weir Group shares last traded at GBX 2,460 ($31.85), with a volume of 93,922,922 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their price target on The Weir Group from GBX 2,500 ($32.37) to GBX 2,700 ($34.96) and gave the stock an “outperform” rating in a research report on Monday, March 3rd.

The Weir Group Stock Up 3.1 %

The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The business’s fifty day moving average price is GBX 2,360.33 and its 200 day moving average price is GBX 2,228.60. The firm has a market capitalization of £6.34 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 120 ($1.55) earnings per share (EPS) for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. On average, equities analysts expect that The Weir Group PLC will post 136.0509554 EPS for the current year.

The Weir Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be given a GBX 22.10 ($0.29) dividend. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from The Weir Group’s previous dividend of $17.90. The Weir Group’s dividend payout ratio is 45.83%.

Insider Activity

In other The Weir Group news, insider Brian Puffer sold 9,794 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of GBX 2,414 ($31.25), for a total value of £236,427.16 ($306,094.20). Corporate insiders own 0.31% of the company’s stock.

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.