The Weir Group (LON:WEIR) Hits New 52-Week High - What's Next?

The Weir Group PLC (LON:WEIR - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as GBX 2,538.57 ($34.39) and last traded at GBX 2,538 ($34.39), with a volume of 247335 shares traded. The stock had previously closed at GBX 2,516 ($34.09).

Analyst Upgrades and Downgrades

WEIR has been the subject of several research reports. Shore Capital reaffirmed a "buy" rating on shares of The Weir Group in a research report on Thursday, April 24th. Royal Bank of Canada upped their price target on shares of The Weir Group from GBX 2,500 ($33.87) to GBX 2,700 ($36.58) and gave the stock an "outperform" rating in a research report on Monday, March 3rd.

The Weir Group Price Performance

The stock's 50-day moving average is GBX 2,316.58 and its 200 day moving average is GBX 2,304.88. 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 company has a market cap of £6.53 billion, a PE ratio of 29.80, a PEG ratio of 2.59 and a beta of 1.41.

Insider Activity at The Weir Group

In other The Weir Group news, insider Brian Puffer sold 27,466 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 2,302 ($31.19), for a total transaction of £632,267.32 ($856,614.71). Also, insider Jon Stanton sold 5,119 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of GBX 2,107 ($28.55), for a total transaction of £107,857.33 ($146,128.34). Insiders sold 65,298 shares of company stock valued at $144,862,893 over the last 90 days. Insiders own 0.31% of the company's stock.

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.

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