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

The Weir Group logo with Industrials background
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The Weir Group PLC (LON:WEIR - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,126.94 ($26.48) and traded as high as GBX 2,372 ($29.54). The Weir Group shares last traded at GBX 2,328 ($28.99), with a volume of 2,059,480 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price objective on shares of The Weir Group from GBX 2,075 ($25.84) to GBX 2,300 ($28.64) and gave the company an "overweight" rating in a research report on Thursday, November 7th.

Get Our Latest Stock Analysis on WEIR

The Weir Group Stock Down 0.3 %

The stock has a 50-day moving average of GBX 2,271.64 and a 200 day moving average of GBX 2,132.30. 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 company has a market cap of £6.00 billion, a P/E ratio of 2,720.00, a PEG ratio of 2.59 and a beta of 1.41.

About The Weir Group

(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.

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