The Weir Group (LON:WEIR) Sets New 52-Week High – What’s Next?

The Weir Group PLC (LON:WEIR)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 2,334 ($28.39) and last traded at GBX 2,334 ($28.39), with a volume of 299521 shares trading hands. The stock had previously closed at GBX 2,314 ($28.14).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price objective on The Weir Group from GBX 2,075 ($25.24) to GBX 2,300 ($27.97) and gave the company an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Price Performance

The stock’s 50-day moving average is GBX 2,208.42 and its 200 day moving average is GBX 2,088.73. 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 stock has a market capitalization of £6.06 billion, a PE ratio of 2,745.88, a P/E/G ratio of 2.59 and a beta of 1.41.

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.