The Weir Group PLC (OTCMKTS:WEGRY – Get Rating) reached a new 52-week low on Thursday . The stock traded as low as $8.38 and last traded at $8.45, with a volume of 18571 shares trading hands. The stock had previously closed at $8.91.
Several equities analysts have weighed in on WEGRY shares. JPMorgan Chase & Co. raised their price target on The Weir Group from GBX 1,915 ($23.46) to GBX 2,020 ($24.74) in a report on Friday, April 29th. HSBC raised The Weir Group from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Finally, Berenberg Bank lowered their price objective on The Weir Group from GBX 2,240 ($27.44) to GBX 2,190 ($26.83) in a research note on Friday, March 18th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,130.00.
The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $9.61 and a 200-day moving average of $10.88.
The Weir Group Company Profile (OTCMKTS:WEGRY)
The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers slurry handling equipment and associated aftermarket support services for abrasive high-wear applications used in the mining and oil sands markets.
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