The Weir Group (LON:WEIR) Sets New 1-Year High - Here's What Happened

The Weir Group PLC (LON:WEIR - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 2,538.57 ($34.07) and last traded at GBX 2,538 ($34.06), with a volume of 247335 shares changing hands. The stock had previously closed at GBX 2,516 ($33.76).

Analyst Upgrades and Downgrades

WEIR has been the topic of several analyst reports. Royal Bank Of Canada increased their target price on The Weir Group from GBX 2,500 ($33.55) to GBX 2,700 ($36.23) and gave the company an "outperform" rating in a research note on Monday, March 3rd. Shore Capital restated a "buy" rating on shares of The Weir Group in a research report on Thursday, April 24th.

The Weir Group Stock Down 1.8%

The company has a current ratio of 2.07, a quick ratio of 1.16 and a debt-to-equity ratio of 80.30. The firm's fifty day moving average price is GBX 2,347.07 and its 200-day moving average price is GBX 2,309.99. The company has a market cap of £6.35 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41.

Insider Buying and Selling at The Weir Group

In related news, insider Brian Puffer sold 27,466 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of GBX 2,302 ($30.89), for a total transaction of £632,267.32 ($848,453.19). Also, insider Jon Stanton sold 29,222 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of GBX 2,183 ($29.29), for a total transaction of £637,916.26 ($856,033.63). Over the last ninety days, insiders sold 65,298 shares of company stock valued at $144,862,893. Company insiders own 0.31% of the company's stock.

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.