Weir Group Plc (The) (WEGRY) Upgraded by Zacks Investment Research to “Buy”

Weir Group Plc (The) (NASDAQ:WEGRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, June 10th. The firm presently has a $14.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 18.64% from the stock’s current price.

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. “

Other research analysts also recently issued reports about the stock. Barclays PLC raised shares of Weir Group Plc (The) from an “equal weight” rating to an “overweight” rating in a report on Friday, March 17th. J P Morgan Chase & Co raised shares of Weir Group Plc (The) from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 25th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $14.00.

Weir Group Plc (NASDAQ:WEGRY) traded down 0.09% on Friday, reaching $11.49. The company had a trading volume of 12,177 shares. The firm has a market capitalization of $5.00 billion and a price-to-earnings ratio of 101.23. Weir Group Plc has a 12 month low of $8.18 and a 12 month high of $13.39.

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