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The Weir Group (LON:WEIR) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

The Weir Group logo with Industrials background

The Weir Group PLC (LON:WEIR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,080.33 ($25.40) and traded as high as GBX 2,244 ($27.40). The Weir Group shares last traded at GBX 2,206 ($26.94), with a volume of 266,550 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on shares of The Weir Group from GBX 2,075 ($25.34) to GBX 2,300 ($28.08) and gave the stock an "overweight" rating in a report on Thursday, November 7th.

Read Our Latest Stock Report on The Weir Group

The Weir Group Stock Performance

The company has a market capitalization of £5.73 billion, a price-to-earnings ratio of 2,595.29, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The firm has a fifty day simple moving average of GBX 2,197.86 and a 200 day simple moving average of GBX 2,080.62. 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 Weir Group Company Profile

(Get Free Report)

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.

Further Reading

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