The Weir Group (LON:WEIR) Hits New 12-Month High – What’s Next?

Shares of The Weir Group PLC (LON:WEIR) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 2,316 ($29.51) and last traded at GBX 2,288 ($29.16), with a volume of 1105135 shares. The stock had previously closed at GBX 2,260 ($28.80).

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WEIR shares. Shore Capital reaffirmed a “buy” rating on shares of The Weir Group in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of The Weir Group from GBX 2,075 ($26.44) to GBX 2,300 ($29.31) and gave the stock an “overweight” rating in a report on Thursday, November 7th.

The Weir Group Trading Up 1.2 %

The company has a market cap of £5.94 billion, a price-to-earnings ratio of 2,658.82, a PEG ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 79.85, a quick ratio of 1.16 and a current ratio of 2.07. The business’s 50 day moving average price is GBX 2,151.79 and its 200-day moving average price is GBX 2,060.11.

Insider Buying and Selling

In related news, insider Nick Anderson acquired 3,100 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of GBX 1,959 ($24.96) per share, with a total value of £60,729 ($77,391.36). 0.31% of the stock is currently owned by corporate insiders.

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.