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The Weir Group (LON:WEIR) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

The Weir Group logo with Industrials background

The Weir Group PLC (LON:WEIR - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,064.34 ($26.24) and traded as high as GBX 2,254 ($28.65). The Weir Group shares last traded at GBX 2,238 ($28.45), with a volume of 380,012 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Shore Capital reiterated a "buy" rating on shares of The Weir Group in a report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 2,075 ($26.38) to GBX 2,300 ($29.24) and gave the company an "overweight" rating in a research note on Thursday, November 7th.

Get Our Latest Stock Report on The Weir Group

The Weir Group Price Performance

The company has a market capitalization of £5.79 billion, a PE ratio of 2,630.59, a P/E/G ratio of 2.59 and a beta of 1.41. The firm has a fifty day simple moving average of GBX 2,166.82 and a 200 day simple moving average of GBX 2,065.54. 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

(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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