The Weir Group (LON:WEIR) Shares Pass Above 200-Day Moving Average – What’s Next?

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 2,126.94 ($26.39) and traded as high as GBX 2,372 ($29.43). The Weir Group shares last traded at GBX 2,328 ($28.88), with a volume of 2,059,480 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on The Weir Group from GBX 2,075 ($25.74) to GBX 2,300 ($28.53) and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

The Weir Group Trading Down 1.3 %

The firm has a market capitalization of £6.04 billion, a price-to-earnings ratio of 2,738.82, a PEG ratio of 2.59 and a beta of 1.41. The business’s 50-day moving average price is GBX 2,267.80 and its 200 day moving average price is GBX 2,126.94. The company has a debt-to-equity ratio of 79.85, a current ratio of 2.07 and a quick ratio of 1.16.

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.