The Weir Group (OTCMKTS:WEGRY) Stock Rating Upgraded by Zacks Investment Research


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The Weir Group (OTCMKTS:WEGRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, Zacks.com reports. The firm currently has a $15.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 16.28% from the stock’s current price.

According to Zacks, “The Weir Group PLC provides engineering solutions. The company’s operating segment consists of Minerals, Oil & Gas and Flow Control. Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. Flow Control segment designs and manufactures valves and pumps. Minerals segment offers provision of slurry handling equipment and associated aftermarket support. It also provides specialist support services to the global power generation, industrial and oil and gas sectors. The Weir Group PLC is headquartered in Glasgow, the United Kingdom. “

Several other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded The Weir Group from a “buy” rating to a “hold” rating in a report on Thursday, March 4th. Royal Bank of Canada reissued an “outperform” rating on shares of The Weir Group in a report on Wednesday, March 3rd. Barclays reissued an “overweight” rating on shares of The Weir Group in a report on Wednesday, January 13th. Credit Suisse Group downgraded The Weir Group from an “outperform” rating to a “neutral” rating in a report on Monday, January 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of The Weir Group in a report on Thursday, March 4th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The Weir Group has an average rating of “Buy” and a consensus price target of $15.00.

Shares of OTCMKTS WEGRY opened at $12.90 on Thursday. The stock has a fifty day moving average price of $13.17 and a 200 day moving average price of $12.12. The Weir Group has a 1-year low of $4.77 and a 1-year high of $15.25. The company has a market cap of $6.70 billion, a PE ratio of 23.04 and a beta of 2.20.

About The Weir Group

The Weir Group PLC produces and sells highly-engineered equipment worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. 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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Analyst Recommendations for The Weir Group (OTCMKTS:WEGRY)

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