BNP Paribas Downgrades The Weir Group (OTCMKTS:WEGRY) to Hold

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

The Weir Group Stock Down 1.6 %

OTCMKTS WEGRY opened at $14.42 on Thursday. The Weir Group has a 12 month low of $11.23 and a 12 month high of $15.26. The firm’s 50-day moving average is $14.19 and its two-hundred day moving average is $13.71.

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.