Weir Group (OTCMKTS:WEGRY) Shares Gap Up – Still a Buy?

Weir Group (OTCMKTS:WEGRY) gapped up before the market opened on Wednesday . The stock had previously closed at $17.19, but opened at $18.45. Weir Group shares last traded at $18.26, with a volume of 4,646 shares traded.

Analysts Set New Price Targets

A number of research firms have weighed in on WEGRY. Kepler Capital Markets upgraded shares of Weir Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Citigroup restated a “buy” rating on shares of Weir Group in a research note on Thursday. Finally, Zacks Research raised shares of Weir Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Weir Group Trading Up 1.8%

The business’s fifty day simple moving average is $16.62 and its 200-day simple moving average is $19.33. The company has a current ratio of 2.05, a quick ratio of 1.30 and a debt-to-equity ratio of 0.87.

Weir Group Company Profile

Weir Group PLC is a Glasgow‐based engineering firm specializing in the design, manufacture and aftermarket servicing of equipment for the minerals, oil & gas and power industries. Founded in 1871, the company has built a reputation for delivering robust solutions that improve safety, efficiency and sustainability across challenging industrial environments. Its core focus lies in high‐performance equipment that supports critical processes such as ore extraction, fluid handling and pressure management.

The company’s Minerals division supplies a comprehensive range of products including slurry pumps, hydrocyclones, crushers and grinding mills, which are widely used in mining and quarrying operations.