Weir Group (OTCMKTS:WEGRY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Weir Group (OTCMKTS:WEGRY) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have recently commented on WEGRY shares. Citigroup restated a “buy” rating on shares of Weir Group in a report on Thursday, July 30th. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 17th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th.

Weir Group Stock Up 1.2%

Shares of OTCMKTS WEGRY opened at $18.16 on Friday. Weir Group has a 12 month low of $15.38 and a 12 month high of $24.85. The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $18.28.

About Weir Group

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.