Weir Group Plc (The) (NASDAQ:WEGRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “The Weir Group PLC provides engineering solutions. The company’s operating segment consists of Minerals, Oil & Gas and Flow Control. Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. Flow Control segment designs and manufactures valves and pumps. Minerals segment offers provision of slurry handling equipment and associated aftermarket support. It also provides specialist support services to the global power generation, industrial and oil and gas sectors. The Weir Group PLC is headquartered in Glasgow, the United Kingdom. “

Weir Group Plc (NASDAQ WEGRY) traded down 1.63% on Friday, reaching $11.80. The company’s stock had a trading volume of 1,041 shares. Weir Group Plc has a 1-year low of $9.49 and a 1-year high of $13.39. The stock has a market capitalization of $5.14 billion and a price-to-earnings ratio of 59.30.

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