WEIR GRP PLC/S (OTCMKTS:WEGRY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of WEIR GRP PLC/S (OTCMKTS:WEGRY) from a sell rating to a hold rating in a report released on Saturday morning, Zacks.com reports.

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, Liberum Capital downgraded WEIR GRP PLC/S from a buy rating to a hold rating in a research report on Friday, June 21st.

Shares of WEIR GRP PLC/S stock opened at $7.94 on Friday. The stock’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $9.99. WEIR GRP PLC/S has a 52 week low of $7.49 and a 52 week high of $12.74.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 10th.

WEIR GRP PLC/S Company Profile

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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