Weir Group (WEIGF) Lowered to Outperform at Royal Bank of Canada
Weir Group (OTCMKTS:WEIGF) was downgraded by Royal Bank of Canada from a “top pick” rating to an “outperform” rating in a note issued to investors on Tuesday.
Separately, Morgan Stanley upgraded shares of Weir Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Weir Group presently has an average rating of “Buy”.
WEIGF opened at $18.40 on Tuesday. Weir Group has a fifty-two week low of $17.98 and a fifty-two week high of $31.70.
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.
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