Is Weir Group PLC (ADR) (OTC:WEIGF) Now a Sell? Why did HSBC Securities Downgrade The Stock?

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Weir Group PLC (ADR) (OTC:WEIGF) Receives a Downgrade

In a comprehensive report distributed on Tuesday morning, HSBC Securities downgraded shares of Weir Group PLC (ADR) (OTC:WEIGF) to a lower “Hold” rating from the previous “Buy” rating.

From a total of 4 analysts covering Weir Group PLC (ADR) (OTC:WEIGF) stock, 0 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 0 of the ratings are positive. Weir Group PLC (ADR) was the topic of 4 analyst reports since October 8, 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.

Is Weir Group PLC (ADR) (OTC:WEIGF) Now a Sell? Why did HSBC Securities Downgrade The Stock?

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