Should Investors Be Selling The Weir Group PLC (OTCMKTS:WEIGF) Stock Following Today’s HSBC Securities Downgrade?

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The Weir Group PLC (OTCMKTS:WEIGF) Receives a Downgrade

HSBC Securities downgraded the rating for shares of The Weir Group PLC (OTCMKTS:WEIGF) to a”Hold” from a “Buy”. This rating change was published in analysts note earlier today.

From a total of 3 analysts covering The Weir Group PLC (OTCMKTS:WEIGF) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 0 of the ratings are positive. The Weir Group PLC was the topic of 3 analyst reports since November 4, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on November 6 to “Neutral” rating. Bank of America downgraded WEIGF stock in a recent report from November 4 to “Underperform” rating.

It is down 34.64% since April 28, 2015 and is downtrending. It has underperformed by 33.02% the S&P500.

Should Investors Be Selling The Weir Group PLC (OTCMKTS:WEIGF) Stock Following Today’s HSBC Securities Downgrade?

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