WEIR Group has seen its share price continue to rise sharply, helped by an upbeat note from Credit Suisse.
The Glasgow engineering company, which makes a range of valve, pump and crushing equipment, was among the largest gainers in Wednesday's market and repeated the trick on Friday.
It closed the day up 48p, or 2.4 per cent, at 2024p.
Last Friday the share price was 1914p and it has steadily risen across this week following research suggesting the decline in the US shale industry is levelling off.
Rig counts in the sector, where Weir has a large exposure, were said to be dropping at the lowest pace in almost half a year.
On Friday brokers from Credit Suisse reissued an "outperform" rating on the Weir stock.
The target price for the shares is 2205p.
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