The Weir Group (OTCMKTS:WEGRY) Stock Rating Reaffirmed by Barclays


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Barclays reaffirmed their overweight rating on shares of The Weir Group (OTCMKTS:WEGRY) in a research report sent to investors on Wednesday morning, The Fly reports.

Several other equities analysts have also issued reports on WEGRY. Morgan Stanley started coverage on shares of The Weir Group in a report on Thursday, December 3rd. They set an equal weight rating on the stock. Zacks Investment Research lowered shares of The Weir Group from a buy rating to a hold rating in a report on Saturday, November 7th. UBS Group raised shares of The Weir Group from a neutral rating to a buy rating in a report on Monday, December 14th. Royal Bank of Canada reissued an outperform rating on shares of The Weir Group in a report on Monday, December 7th. Finally, Credit Suisse Group lowered shares of The Weir Group from an outperform rating to a neutral rating in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $12.00.

Shares of OTCMKTS:WEGRY opened at $14.04 on Wednesday. The firm has a market cap of $7.29 billion, a PE ratio of 25.07 and a beta of 2.20. The firm’s 50 day simple moving average is $12.98 and its 200-day simple moving average is $9.87. The Weir Group has a one year low of $3.96 and a one year high of $14.67.

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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