The Weir Group (LON:WEIR) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

The Weir Group PLC (LON:WEIR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,943.73 and traded as low as GBX 2,796. The Weir Group shares last traded at GBX 2,862, with a volume of 2,261,437 shares traded.

Analyst Ratings Changes

WEIR has been the subject of several recent research reports. Citigroup upped their target price on The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a “buy” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their target price on The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Shore Capital Group reiterated a “hold” rating on shares of The Weir Group in a research note on Wednesday, March 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a GBX 4,000 target price on shares of The Weir Group in a research note on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,474.71.

The Weir Group Stock Down 5.5%

The firm’s 50 day simple moving average is GBX 3,225.56 and its 200 day simple moving average is GBX 2,942.27. The company has a market cap of £7.16 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 2.59 and a beta of 1.07. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 93.56.

The Weir Group (LON:WEIR) last issued its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 earnings per share (EPS) for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. Sell-side analysts anticipate that The Weir Group PLC will post 136.0509554 EPS for the current fiscal 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. 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.