Weir Group (WEGRY) – What Are Brokerages Thinking About This Stock?

Weir Group (OTCMKTS:WEGRY) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have recently weighed in on the stock. Kepler Capital Markets upgraded shares of Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Citigroup reaffirmed a “buy” rating on shares of Weir Group in a report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th.

Weir Group Trading Up 0.6%

Shares of Weir Group stock opened at $17.79 on Thursday. Weir Group has a 1 year low of $15.38 and a 1 year high of $24.85. The company has a 50 day simple moving average of $18.46 and a two-hundred day simple moving average of $18.01.

About Weir Group

The Weir Group plc is a Glasgow-based engineering company that develops equipment and technology for the mining and minerals-processing industries. Its products are designed to help customers extract, transport, process and manage mineral resources, with a focus on improving operational efficiency, reliability and sustainability.

Through its Weir Minerals business, the company supplies pumps, crushers, screens, hydrocyclones, mill liners, valves and other equipment used in applications including comminution, slurry transportation, classification and dewatering.