The Weir Group (LON:WEIR) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Key Points

• Shares fell below the 200-day moving average, trading as low as GBX 2,786 and last at GBX 2,810 versus the 200‑day MA of GBX 2,953.15, with volume of 65,468,098 shares.
• Analyst sentiment is broadly positive—six Buys and one Hold give a consensus "Moderate Buy" rating with an average price target of GBX 3,474.71 and several firms recently lifting targets into the GBX 3,700–4,000 range.
• Key fundamentals: market cap £7.30bn, PE 23.69, debt-to-equity 93.56, and recent quarterly EPS GBX 123.80 with a ROE of 13.42% and net margin of 9.63%.

The Weir Group PLC (LON:WEIR - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,953.15 and traded as low as GBX 2,786. The Weir Group shares last traded at GBX 2,810, with a volume of 65,468,098 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on WEIR. Royal Bank Of Canada reaffirmed a "buy" rating and issued a GBX 4,000 price target on shares of The Weir Group in a research note on Thursday, March 5th. Citigroup boosted their price objective on shares of The Weir Group from GBX 3,300 to GBX 3,700 and gave the company a "buy" rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of The Weir Group from GBX 3,450 to GBX 3,800 and gave the stock a "buy" rating in a report on Thursday, March 5th. Shore Capital Group reaffirmed a "hold" rating on shares of The Weir Group in a research report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Weir Group from GBX 3,280 to GBX 3,723 and gave the company a "buy" rating in a research note on Thursday, March 5th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,474.71.

The Weir Group Stock Performance

The company has a market capitalization of £7.30 billion, a PE ratio of 23.69, a PEG ratio of 2.59 and a beta of 1.07. The company has a 50 day moving average of GBX 3,203.66 and a two-hundred day moving average of GBX 2,953.15. The company has a debt-to-equity ratio of 93.56, a current ratio of 2.05 and a quick ratio of 1.16.

The Weir Group (LON:WEIR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported GBX 123.80 EPS for the quarter. The Weir Group had a return on equity of 13.42% and a net margin of 9.63%. As a group, equities research analysts predict that The Weir Group PLC will post 136.0509554 earnings per share for the current 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.

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