Weir Group (WEIGF) Coverage Initiated at Credit Suisse Group AG
Equities researchers at Credit Suisse Group AG began coverage on shares of Weir Group (OTCMKTS:WEIGF) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating on the stock.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Weir Group from an “underweight” rating to an “overweight” rating in a research note on Monday. HSBC upgraded shares of Weir Group from a “hold” rating to a “buy” rating in a research note on Monday, May 23rd. Finally, Morgan Stanley upgraded shares of Weir Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.
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Shares of Weir Group (OTCMKTS:WEIGF) remained flat at $21.49 on Tuesday. The stock’s 50-day moving average price is $20.44 and its 200 day moving average price is $17.84. Weir Group has a 52-week low of $12.15 and a 52-week high of $21.49. The stock’s market capitalization is $4.61 billion.
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