The Weir Group (LON:WEIR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

The Weir Group PLC (LON:WEIR) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,067.86 ($25.94) and traded as high as GBX 2,224 ($27.89). The Weir Group shares last traded at GBX 2,198 ($27.57), with a volume of 51,690 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on The Weir Group from GBX 2,075 ($26.03) to GBX 2,300 ($28.85) and gave the company an “overweight” rating in a research note on Thursday, November 7th.

The Weir Group Trading Up 0.7 %

The company’s fifty day simple moving average is GBX 2,178.06 and its two-hundred day simple moving average is GBX 2,068.94. The company has a market capitalization of £5.71 billion, a price-to-earnings ratio of 2,585.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 79.85.

About The Weir Group

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.