Weir Group (OTCMKTS:WEGRY) Shares Gap Up – What’s Next?

Weir Group (OTCMKTS:WEGRY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $17.09, but opened at $17.81. Weir Group shares last traded at $17.80, with a volume of 28,854 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WEGRY. Kepler Capital Markets upgraded Weir Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Jefferies Financial Group reiterated a “buy” rating on shares of Weir Group in a research report on Wednesday, August 19th. Finally, Citigroup reiterated a “buy” rating on shares of Weir Group in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Weir Group Trading Up 1.3%

The business has a fifty day moving average price of $18.45 and a two-hundred day moving average price of $18.00.

Weir Group Company Profile

The Weir Group plc is a Glasgow-based engineering company that develops equipment and technology for the mining and minerals-processing industries. Its products are designed to help customers extract, transport, process and manage mineral resources, with a focus on improving operational efficiency, reliability and sustainability.

Through its Weir Minerals business, the company supplies pumps, crushers, screens, hydrocyclones, mill liners, valves and other equipment used in applications including comminution, slurry transportation, classification and dewatering.