The Weir Group (LON:WEIR) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• The Weir Group PLC's stock price has recently surpassed its 200-day moving average of GBX 2,417.55, and is currently trading at GBX 2,605.59.
• Analysts are divided on the stock, with four ratings of "Buy" and one "Hold," and average price targets ranging from GBX 2,750 to GBX 3,100.
• The company reported earnings of GBX 58.70 per share for the last quarter, with analysts forecasting an EPS of approximately 136.05 for the current year.

The Weir Group PLC (LON:WEIR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,417.55 ($32.77) and traded as high as GBX 2,626 ($35.59). The Weir Group shares last traded at GBX 2,605.59 ($35.32), with a volume of 466,938 shares trading hands.

Wall Street Analyst Weigh In

WEIR has been the topic of a number of recent analyst reports. Citigroup restated a "buy" rating and issued a GBX 3,100 price target on shares of The Weir Group in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Weir Group from GBX 2,710 to GBX 3,010 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Shore Capital downgraded shares of The Weir Group to a "hold" rating and set a GBX 2,750 price target for the company. in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,772.

The Weir Group Price Performance

The company's fifty day moving average is GBX 2,546.97 and its 200 day moving average is GBX 2,424.19. The firm has a market cap of £6.81 billion, a price-to-earnings ratio of 2,210.79, a PEG ratio of 2.59 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 2.07 and a debt-to-equity ratio of 80.30.

The Weir Group (LON:WEIR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported GBX 58.70 EPS for the quarter. The Weir Group had a net margin of 8.60% and a return on equity of 12.79%. On average, equities research analysts predict that The Weir Group PLC will post 136.0509554 EPS 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.