The Weir Group (OTCMKTS:WEGRY) Rating Increased to Buy at Bank of America

The Weir Group (OTCMKTS:WEGRY) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, FlyOnTheWall reports.

WEGRY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered their price objective on The Weir Group from GBX 2,135 ($26.96) to GBX 2,100 ($26.52) in a research report on Monday, July 10th. JPMorgan Chase & Co. boosted their price objective on The Weir Group from GBX 2,175 ($27.47) to GBX 2,400 ($30.31) in a research report on Wednesday, August 2nd. Finally, Morgan Stanley boosted their price objective on The Weir Group from GBX 1,760 ($22.23) to GBX 1,790 ($22.61) in a research report on Wednesday, August 2nd.

The Weir Group Price Performance

Shares of The Weir Group stock opened at $11.95 on Thursday. The stock’s 50-day simple moving average is $11.44 and its 200-day simple moving average is $11.30. The Weir Group has a 52 week low of $7.51 and a 52 week high of $12.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.80.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.