WEIR GRP PLC/S (OTCMKTS:WEGRY) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of WEIR GRP PLC/S (OTCMKTS:WEGRY) from a sell rating to a hold rating in a research note issued to investors on Saturday, Zacks.com reports.

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. “

Separately, Liberum Capital reissued a buy rating and set a GBX 1,350 ($17.64) target price on shares of in a research note on Friday, June 21st.

WEGRY opened at $9.59 on Friday. The business’s 50-day moving average price is $9.52. WEIR GRP PLC/S has a 12-month low of $7.69 and a 12-month high of $13.26.

About WEIR GRP PLC/S

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services 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.

Read More: What does it mean to hold a stock in street name?

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