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

Shares of The Weir Group PLC (LON:WEIR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,073.29 ($25.76) and traded as high as GBX 2,210 ($27.45). The Weir Group shares last traded at GBX 2,210 ($27.45), with a volume of 286,300 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on The Weir Group from GBX 2,075 ($25.78) to GBX 2,300 ($28.57) and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

The Weir Group Stock Down 0.3 %

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 moving average price is GBX 2,187.63 and its two-hundred day moving average price is GBX 2,074.28. The company has a market capitalization of £5.72 billion, a price-to-earnings ratio of 2,592.01, a price-to-earnings-growth 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.