The Weir Group (OTCMKTS:WEGRY) Rating Lowered to Hold at BNP Paribas

The Weir Group (OTCMKTS:WEGRY) was downgraded by stock analysts at BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

The Weir Group Stock Performance

OTCMKTS WEGRY opened at $14.42 on Thursday. The stock’s 50 day simple moving average is $14.19 and its 200-day simple moving average is $13.71. The Weir Group has a 1-year low of $11.23 and a 1-year high of $15.26.

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 engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.