What Will The Effects of a HSBC Securities Downgrade Be For The Weir Group PLC (OTCMKTS:WEIGF) Shares?

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

In an interesting research report released on Tuesday morning, stock analysts at HSBC Securities’s research division lowered the rating for The Weir Group PLC (OTCMKTS:WEIGF) shares from the previous Buy to a Hold.

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.

What Will The Effects of a HSBC Securities Downgrade Be For The Weir Group PLC (OTCMKTS:WEIGF) Shares?

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