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

The Weir Group PLC (LON:WEIR - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 2,506 ($33.97) and last traded at GBX 2,502 ($33.92), with a volume of 242058 shares traded. The stock had previously closed at GBX 2,456 ($33.29).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their target price on The Weir Group from GBX 2,500 ($33.89) to GBX 2,700 ($36.60) and gave the stock an "outperform" rating in a report on Monday, March 3rd. Shore Capital reissued a "buy" rating on shares of The Weir Group in a report on Thursday, April 24th.

The Weir Group Stock Performance

The firm has a market cap of £6.50 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 2.59 and a beta of 1.41. The stock has a 50 day moving average of GBX 2,287.50 and a 200 day moving average of GBX 2,297.35. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30.

Insider Activity at The Weir Group

In other The Weir Group news, insider Jon Stanton sold 29,222 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of GBX 2,183 ($29.59), for a total transaction of £637,916.26 ($864,736.70). Also, insider Brian Puffer sold 27,466 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of GBX 2,302 ($31.21), for a total value of £632,267.32 ($857,079.19). Insiders sold a total of 65,298 shares of company stock valued at $144,862,893 over the last quarter. 0.31% of the stock is owned by corporate insiders.

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.