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

The Weir Group PLC (LON:WEIR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,073.29 ($25.76) and traded as high as GBX 2,210 ($27.45). The Weir Group shares last traded at GBX 2,210 ($27.45), with a volume of 286,300 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on The Weir Group from GBX 2,075 ($25.78) to GBX 2,300 ($28.57) and gave the company an "overweight" rating in a report on Thursday, November 7th.

The Weir Group Price Performance

The stock has a market capitalization of £5.72 billion, a price-to-earnings ratio of 2,592.01, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 79.85. The company's 50 day moving average is GBX 2,187.63 and its 200 day moving average is GBX 2,074.28.

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.