Weir Group Plc (The) (WEGRY) Lifted to “Buy” at Zacks Investment Research

Weir Group Plc (The) (NASDAQ:WEGRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $12.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 1.69% from the stock’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. “

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Separately, J P Morgan Chase & Co raised Weir Group Plc (The) from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Weir Group Plc (The) has a consensus rating of “Buy” and a consensus target price of $12.00.

Shares of Weir Group Plc (NASDAQ:WEGRY) opened at 11.20 on Friday. The company has a market cap of $4.88 billion and a PE ratio of 54.90. Weir Group Plc has a 52-week low of $9.49 and a 52-week high of $13.39.

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