Weir Group (WEIGF) Now Covered by Credit Suisse Group AG
Investment analysts at Credit Suisse Group AG initiated coverage on shares of Weir Group (OTCMKTS:WEIGF) in a report released on Tuesday. The firm set an “outperform” rating on the stock.
A number of other research firms have also commented on WEIGF. HSBC raised shares of Weir Group from a “hold” rating to a “buy” rating in a research report on Monday, May 23rd. JPMorgan Chase & Co. raised shares of Weir Group from an “underweight” rating to an “overweight” rating in a research report on Monday. Finally, Morgan Stanley raised shares of Weir Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold”.
Weir Group (OTCMKTS:WEIGF) opened at 21.50 on Tuesday. The stock’s 50 day moving average is $20.59 and its 200-day moving average is $17.92. Weir Group has a 12 month low of $12.15 and a 12 month high of $21.50. The firm’s market capitalization is $4.61 billion.
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