The Weir Group (LON:WEIR) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of The Weir Group PLC (LON:WEIR) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,067.86 ($25.92) and traded as high as GBX 2,224 ($27.88). The Weir Group shares last traded at GBX 2,198 ($27.55), with a volume of 51,690 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on shares of The Weir Group from GBX 2,075 ($26.01) to GBX 2,300 ($28.83) and gave the company an “overweight” rating in a research note on Thursday, November 7th.

The Weir Group Stock Performance

The firm has a fifty day simple moving average of GBX 2,175.06 and a 200 day simple moving average of GBX 2,067.86. 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 stock has a market cap of £5.71 billion, a price-to-earnings ratio of 2,585.88, a PEG 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.