The Weir Group (LON:WEIR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

The Weir Group PLC (LON:WEIR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,067.86 ($25.94) and traded as high as GBX 2,224 ($27.89). The Weir Group shares last traded at GBX 2,198 ($27.57), with a volume of 51,690 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target on The Weir Group from GBX 2,075 ($26.03) to GBX 2,300 ($28.85) and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

The Weir Group Price Performance

The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 79.85. The company has a market capitalization of £5.71 billion, a price-to-earnings ratio of 2,585.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The stock’s 50-day moving average price is GBX 2,178.06 and its 200-day moving average price is GBX 2,068.94.

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.