The Weir Group (LON:WEIR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

The Weir Group PLC (LON:WEIR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,073.29 ($25.66) and traded as high as GBX 2,210 ($27.35). The Weir Group shares last traded at GBX 2,210 ($27.35), with a volume of 286,300 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on The Weir Group from GBX 2,075 ($25.68) to GBX 2,300 ($28.47) and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

The Weir Group Stock Up 1.2 %

The firm has a market cap of £5.74 billion, a PE ratio of 2,600.00, a P/E/G ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 79.85, a current ratio of 2.07 and a quick ratio of 1.16. The business has a fifty day moving average price of GBX 2,185.67 and a two-hundred day moving average price of GBX 2,073.29.

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.