Weir Group Plc (The) (NASDAQ:WEGRY) Downgraded to “Hold” at Zacks Investment Research

Weir Group Plc (The) (NASDAQ:WEGRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, September 9th.

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. “

Shares of Weir Group Plc (WEGRY) traded down 2.86% during midday trading on Friday, hitting $11.87. The stock had a trading volume of 11,770 shares. Weir Group Plc has a 12-month low of $9.49 and a 12-month high of $13.39. The stock has a market cap of $5.17 billion and a P/E ratio of 59.35.

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