The Weir Group PLC (LON:WEIR - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,506 ($34.00) and last traded at GBX 2,502 ($33.95), with a volume of 242058 shares traded. The stock had previously closed at GBX 2,456 ($33.32).
Analyst Ratings Changes
Several research firms have weighed in on WEIR. Royal Bank of Canada increased their price target on shares of The Weir Group from GBX 2,500 ($33.92) to GBX 2,700 ($36.64) and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Shore Capital reiterated a "buy" rating on shares of The Weir Group in a research report on Thursday, April 24th.
Check Out Our Latest Stock Report on The Weir Group
The Weir Group Stock Up 0.6%
The company has a market capitalization of £6.48 billion, a PE ratio of 29.56, a PEG ratio of 2.59 and a beta of 1.41. The company's 50 day moving average is GBX 2,316.58 and its two-hundred day moving average is GBX 2,303.28. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30.
Insiders Place Their Bets
In related news, insider Graham Vanhegan sold 3,491 shares of The Weir Group stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of GBX 2,022 ($27.44), for a total transaction of £70,588.02 ($95,777.50). Also, insider Jon Stanton sold 5,119 shares of The Weir Group stock in a transaction dated Friday, April 11th. The shares were sold at an average price of GBX 2,107 ($28.59), for a total transaction of £107,857.33 ($146,346.45). Insiders sold 65,298 shares of company stock valued at $144,862,893 in the last three months. Corporate insiders own 0.31% of the company's stock.
The Weir Group Company Profile
(
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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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