WEIR GRP PLC/S (WEGRY) Downgraded by Zacks Investment Research to “Sell”

WEIR GRP PLC/S (OTCMKTS:WEGRY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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 shares of WEIR GRP PLC/S from a “sell” rating to a “hold” rating in a report on Thursday, November 1st.

Shares of WEGRY traded down $0.16 during mid-day trading on Friday, reaching $9.00. The company’s stock had a trading volume of 56,104 shares, compared to its average volume of 17,675. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.24 and a current ratio of 1.66. WEIR GRP PLC/S has a 52 week low of $7.69 and a 52 week high of $16.27.

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, Oil & Gas, and Flow Control. The Minerals segment engineers pumps, valves, rubber, crushers, screen media systems, screens, hose and pipe pools, centrifuges, pontoons and barges, hydrocyclones, wear linings, mill liners, feeders, conveyors, and washers; and offers slurry handling equipment and associated aftermarket support services for mining, and oil sands markets.

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