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 “buy” rating to a “sell” rating in a report released on Thursday.

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. “

WEGRY has been the subject of a number of other research reports. ValuEngine lowered shares of WEIR Grp PLC/S from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. UBS Group upgraded shares of WEIR Grp PLC/S from a “neutral” rating to a “buy” rating in a report on Monday, July 9th.

WEGRY traded up $0.11 on Thursday, reaching $10.26. 2,287 shares of the company traded hands, compared to its average volume of 110,617. WEIR Grp PLC/S has a one year low of $8.90 and a one year high of $16.27. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 18.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.66 and a quick ratio of 1.24.

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, 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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