The Weir Group (LON:WEIR) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

The Weir Group PLC (LON:WEIR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,417.55 ($32.79) and traded as high as GBX 2,626 ($35.62). The Weir Group shares last traded at GBX 2,605.59 ($35.34), with a volume of 466,938 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WEIR. Shore Capital lowered The Weir Group to a “hold” rating and set a GBX 2,750 price target on the stock. in a research note on Thursday, July 31st. Citigroup reaffirmed a “buy” rating and set a GBX 3,100 price target on shares of The Weir Group in a research note on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on The Weir Group from GBX 2,710 to GBX 3,010 and gave the company a “buy” rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,772.

The Weir Group Stock Up 1.0%

The firm has a 50 day simple moving average of GBX 2,542.17 and a two-hundred day simple moving average of GBX 2,417.55. The company has a debt-to-equity ratio of 80.30, a current ratio of 2.07 and a quick ratio of 1.16. The stock has a market cap of £6.76 billion, a price-to-earnings ratio of 2,196.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

The Weir Group (LON:WEIR) last released its earnings results on Thursday, July 31st. The company reported GBX 58.70 earnings per share for the quarter. The Weir Group had a return on equity of 12.79% and a net margin of 8.60%. As a group, sell-side analysts expect that The Weir Group PLC will post 136.0509554 EPS for the current year.

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.