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.
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.
Further Reading: What is meant by buying and selling pressure?
Receive News & Ratings for The Weir Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Weir Group and related companies with MarketBeat.com's FREE daily email newsletter.