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

Shares of The Weir Group PLC (LON:WEIR) 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.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target 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 company has a debt-to-equity ratio of 79.85, a quick ratio of 1.16 and a current ratio of 2.07. The firm has a market cap of £5.73 billion, a price-to-earnings ratio of 2,595.29, a PEG ratio of 2.59 and a beta of 1.41. The business has a fifty day moving average of GBX 2,197.86 and a two-hundred day moving average of GBX 2,080.62.

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.