Weir Group (OTCMKTS:WEGRY) Receives Average Rating of “Moderate Buy” from Analysts

Weir Group (OTCMKTS:WEGRY) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of Weir Group in a report on Wednesday, August 19th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a research note on Thursday, July 30th. Finally, Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th.

Weir Group Price Performance

Shares of OTCMKTS:WEGRY opened at $19.00 on Friday. The stock’s 50-day moving average price is $18.11 and its 200-day moving average price is $18.50. The company has a quick ratio of 1.30, a current ratio of 2.05 and a debt-to-equity ratio of 0.87. Weir Group has a 12-month low of $15.38 and a 12-month high of $24.85.

Weir Group Company Profile

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.