Weir Group (OTCMKTS:WEGRY) Given Average Recommendation of “Moderate Buy” by Brokerages

Weir Group (OTCMKTS:WEGRY) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

Several analysts have 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. Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a report on Wednesday, August 19th. Finally, Citigroup restated a “buy” rating on shares of Weir Group in a research note on Thursday, July 30th.

Weir Group Stock Down 1.4%

Shares of OTCMKTS WEGRY opened at $17.91 on Friday. The stock has a fifty day simple moving average of $18.27 and a two-hundred day simple moving average of $18.28. Weir Group has a 1-year low of $15.38 and a 1-year high of $24.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.05 and a quick ratio of 1.30.

Weir Group Company Profile

Weir Group plc is a Glasgow, Scotland-based engineering company that supplies equipment, technology and services to the global mining industry. Its products are designed to support key stages of mineral processing, including crushing, grinding, classification, slurry handling, dewatering and tailings management.

The company operates primarily through its Weir Minerals and Weir ESCO businesses. Weir Minerals provides pumps, valves, crushers, screens, hydrocyclones, mill liners and other processing equipment, while Weir ESCO supplies ground-engaging tools and related products for surface mining and construction equipment.