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

Shares of Weir Group (OTCMKTS:WEGRY) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Two investment 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 equities research analysts have issued reports on WEGRY shares. Jefferies Financial Group restated a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Friday, October 9th.

Weir Group Stock Down 7.5%

Shares of WEGRY stock opened at $16.32 on Monday. Weir Group has a 52 week low of $15.38 and a 52 week high of $24.85. The firm’s 50-day simple moving average is $18.03 and its two-hundred day simple moving average is $18.92.

About Weir Group

Weir Group plc is a Glasgow, Scotland-based engineering company that develops and supplies equipment, technology and services for the global mining industry. Founded in 1871 by brothers George and James Weir, the company originally manufactured pumps and steam engines before expanding into minerals processing and other industrial applications.

Its Weir Minerals business provides equipment used to extract, process and transport mined materials, including crushers, screens, grinding equipment, pumps, hydrocyclones and valves.