The Weir Group (LON:WEIR) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

The Weir Group PLC (LON:WEIRGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,838.11 and traded as low as GBX 2,448. The Weir Group shares last traded at GBX 2,450.88, with a volume of 1,171,795 shares traded.

Analyst Ratings Changes

WEIR has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,705 price target on shares of The Weir Group in a research note on Thursday, April 30th. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on The Weir Group from GBX 3,500 to GBX 3,800 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Panmure Gordon raised The Weir Group to a “buy” rating and set a GBX 3,490 price target for the company in a research note on Friday, May 1st. Finally, Citigroup downgraded The Weir Group to a “buy” rating in a research note on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,452.

Get Our Latest Stock Report on The Weir Group

The Weir Group Trading Up 3.0%

The firm’s 50-day simple moving average is GBX 2,426.11 and its 200 day simple moving average is GBX 2,835.34. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16. The firm has a market capitalization of £6.56 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.59 and a beta of 1.07.

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. The ESCO segment provides ground engaging tools for large mining machines. This segment also offers cloud-based Artificial Intelligence solutions to the mining industry; manufactures and distributes highly engineered wear parts; and offers aftermarket services to the mining industry.

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