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

The Weir Group PLC (LON:WEIR)’s share price passed 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. increased their target price on shares of The Weir Group from GBX 2,075 ($25.34) to GBX 2,300 ($28.08) and gave the stock an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Trading Down 1.3 %

The stock has a market cap of £5.73 billion, a P/E ratio of 2,595.29, a PEG ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85. The firm’s 50-day simple moving average is GBX 2,197.86 and its 200 day simple moving average is GBX 2,080.62.

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.