Peel Hunt Downgrades Weir Group (OTCMKTS:WEIGF) to Hold

Weir Group (OTCMKTS:WEIGF) was downgraded by research analysts at Peel Hunt from a “buy” rating to a “hold” rating in a report released on Tuesday, Briefing.com Automated Import reports.

Separately, JPMorgan Chase & Co. cut shares of Weir Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 18th.

WEIGF stock opened at $19.84 on Tuesday. The company’s 50-day moving average is $17.19 and its 200-day moving average is $19.75. Weir Group has a 1 year low of $15.50 and a 1 year high of $23.60.



About Weir Group

The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. 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.

Further Reading: Growth and Income Funds

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