Shares of The Weir Group PLC (OTCMKTS:WEGRY – Get Rating) hit a new 52-week low on Friday . The stock traded as low as $7.73 and last traded at $7.80, with a volume of 35556 shares traded. The stock had previously closed at $8.28.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of The Weir Group from GBX 2,000 ($24.17) to GBX 2,275 ($27.49) in a research note on Friday, July 29th. JPMorgan Chase & Co. increased their target price on shares of The Weir Group from GBX 1,650 ($19.94) to GBX 1,900 ($22.96) in a research note on Friday, July 29th. Finally, Citigroup increased their target price on shares of The Weir Group from GBX 1,520 ($18.37) to GBX 1,580 ($19.09) in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,042.50.
The Weir Group Stock Down 5.9 %
The company’s 50 day moving average price is $8.98 and its 200 day moving average price is $9.62. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 0.56.
About The Weir Group
The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. 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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