WEIR GRP PLC/S (WEGRY) Rating Increased to Buy at Zacks Investment Research

WEIR GRP PLC/S (OTCMKTS:WEGRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday, Zacks.com reports. The brokerage currently has a $12.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 19.28% from the company’s current price.

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. “

Separately, ValuEngine upgraded WEIR GRP PLC/S from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

Shares of OTCMKTS:WEGRY opened at $10.06 on Friday. WEIR GRP PLC/S has a 1-year low of $7.69 and a 1-year high of $15.80.

About WEIR GRP PLC/S

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.

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