Credit Suisse Group AG Begins Coverage on Weir Group (WEIGF)
Credit Suisse Group AG began coverage on shares of Weir Group (OTCMKTS:WEIGF) in a note issued to investors on Tuesday. The brokerage set an “outperform” rating on the stock.
Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Weir Group from an “underweight” rating to an “overweight” rating in a research note on Monday. Morgan Stanley upgraded Weir Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 7th. Finally, HSBC upgraded Weir Group from a “hold” rating to a “buy” rating in a research note on Monday, May 23rd. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold”.
Shares of Weir Group (OTCMKTS:WEIGF) remained flat at $21.49 during mid-day trading on Tuesday. The company has a 50-day moving average price of $20.44 and a 200-day moving average price of $17.84. Weir Group has a 1-year low of $12.15 and a 1-year high of $21.49. The stock’s market capitalization is $4.61 billion.
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