Shares of The Weir Group PLC (LON:WEIR - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,316 ($29.52) and last traded at GBX 2,288 ($29.17), with a volume of 1105135 shares traded. The stock had previously closed at GBX 2,260 ($28.81).
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on WEIR shares. JPMorgan Chase & Co. raised their target price on The Weir Group from GBX 2,075 ($26.45) to GBX 2,300 ($29.32) and gave the company an "overweight" rating in a report on Thursday, November 7th. Shore Capital restated a "buy" rating on shares of The Weir Group in a report on Tuesday, August 20th.
View Our Latest Analysis on WEIR
The Weir Group Price Performance
The company has a 50 day moving average price of GBX 2,154.67 and a 200 day moving average price of GBX 2,061.84. 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 firm has a market cap of £5.96 billion, a PE ratio of 2,701.18, a PEG ratio of 2.59 and a beta of 1.41.
Insiders Place Their Bets
In related news, insider Nick Anderson acquired 3,100 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of GBX 1,959 ($24.97) per share, with a total value of £60,729 ($77,411.09). 0.31% of the stock is currently owned by insiders.
About The Weir Group
(
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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.
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