Weir Group Plc Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:WEIGF)
Weir Group Plc (NASDAQ:WEIGF) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, American Banking News.com reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company.
Weir Group Plc (NASDAQ:WEIGF) opened at 42.90 on Friday. Weir Group Plc has a 52-week low of $32.75 and a 52-week high of $42.90. The stock’s 50-day moving average is $42. and its 200-day moving average is $40.09. The company has a market cap of $9.132 billion and a P/E ratio of 16.03.
A number of research firms have recently commented on WEIGF. Analysts at Citigroup Inc. upgraded shares of Weir Group Plc from a “neutral” rating to a “buy” rating in a research note on Monday, July 7th. Separately, analysts at Societe Generale upgraded shares of Weir Group Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, June 10th. Finally, analysts at Panmure Gordon initiated coverage on shares of Weir Group Plc in a research note on Monday, June 2nd. They set a “sell” rating on the stock.
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