The Weir Group (LON:WEIR) Sets New 1-Year High – Here’s Why

The Weir Group PLC (LON:WEIR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,334 ($28.39) and last traded at GBX 2,334 ($28.39), with a volume of 299521 shares traded. The stock had previously closed at GBX 2,314 ($28.14).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on shares of The Weir Group from GBX 2,075 ($25.24) to GBX 2,300 ($27.97) and gave the stock an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Price Performance

The company has a market cap of £6.06 billion, a PE ratio of 2,745.88, a PEG ratio of 2.59 and a beta of 1.41. The company’s 50-day simple moving average is GBX 2,208.42 and its 200 day simple moving average is GBX 2,088.73. 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 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.