Weir Group Plc (The) (WEGRY) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Weir Group Plc (The) (NASDAQ:WEGRY) from a sell rating to a buy rating in a research note released on Tuesday morning. The firm currently has $14.00 price objective on the stock.
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, J P Morgan Chase & Co raised Weir Group Plc (The) from a neutral rating to an overweight rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $14.00.
Weir Group Plc (NASDAQ WEGRY) traded down 0.73% during trading on Tuesday, hitting $12.19. The stock had a trading volume of 2,356 shares. The stock has a market capitalization of $5.32 billion and a PE ratio of 60.65. Weir Group Plc has a one year low of $8.98 and a one year high of $13.39.
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