Weir Group (OTCMKTS:WEGRY) Stock Rated “Moderate Buy” by Wall Street Analysts

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

A number of equities analysts have recently issued reports on the company. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a report on Wednesday, August 19th.

Weir Group Trading Up 3.5%

OTCMKTS:WEGRY opened at $17.68 on Thursday. Weir Group has a twelve month low of $15.38 and a twelve month high of $24.85. The firm’s fifty day simple moving average is $18.47 and its 200 day simple moving average is $18.02.

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.