Shares of The Weir Group PLC (OTCMKTS:WEGRY – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.22 and traded as low as $9.73. The Weir Group shares last traded at $9.90, with a volume of 5,012 shares trading hands.
Analysts Set New Price Targets
Several research firms recently issued reports on WEGRY. Citigroup boosted their price objective on The Weir Group from GBX 1,520 ($18.63) to GBX 1,580 ($19.36) in a report on Friday, July 29th. JPMorgan Chase & Co. upped their price target on The Weir Group from GBX 1,650 ($20.22) to GBX 1,900 ($23.28) in a report on Friday, July 29th. Finally, Royal Bank of Canada upped their price target on The Weir Group from GBX 2,000 ($24.51) to GBX 2,275 ($27.88) in a report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, The Weir Group has a consensus rating of “Moderate Buy” and an average price target of $2,042.50.
The Weir Group Stock Down 1.6 %
The company has a 50-day moving average price of $9.12 and a 200-day moving average price of $10.22. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56.
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 slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.
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