Weir Group (OTCMKTS:WEIGF) Share Price Crosses Above 50 Day Moving Average of $17.57
Weir Group PLC (OTCMKTS:WEIGF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $17.57 and traded as high as $17.65. Weir Group shares last traded at $17.65, with a volume of 500 shares changing hands.
A number of equities research analysts recently weighed in on WEIGF shares. UBS Group downgraded shares of Weir Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Peel Hunt cut shares of Weir Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Weir Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada upgraded shares of Weir Group from an “outperform” rating to a “top pick” rating in a report on Tuesday, October 8th.
The firm’s fifty day moving average price is $17.53 and its 200-day moving average price is $18.88.
The Weir Group PLC designs, manufactures, and sells highly-engineered products and services worldwide. It operates through three segments: Minerals, ESCO, and Oil & Gas. 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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