Weir Share Discussion Threads

[philanderer] 23/2/2021 17:57

Outside chance of promotion to FTSE100 next week HTTPS://www.cityam.com/ftse-reshuffle-newcomers-dr-martens-and-moonpig-battle-for-promotion/

[philanderer] 19/2/2021 15:03

And back up today :-)

[philanderer] 17/2/2021 16:48

Boll*xed today.

[philanderer] 17/2/2021 09:47

Bride's nightie lately this one ;-)

[grahamnash] 15/2/2021 18:03

Phil. Cheers.

[grahamnash] 15/2/2021 18:02

P. Cheers.

[philanderer] 15/2/2021 14:37

Seen nothing. All will be revealed on 2nd march with the full year results ;-)

[grahamnash] 15/2/2021 14:14

Any news circulating about dividend reinstatement?

[philanderer] 08/2/2021 14:27

Weir rallies on Morgan Stanley upgrade to 'overweight' (Sharecast News) - Engineer Weir rallied on Monday after Morgan Stanley upgraded the shares to 'overweight' from 'equalweight' and hiked the price target to 2,220p from 1,730p. The bank said it sees a "solid end market setup for 2021" and that the recent 10% pullback provides an attractive entry point. The risk/reward screens well in a sector context, MS said. Morgan Stanley said Weir's announced sale of its oil and gas division to Caterpillar last year was an important and clear change in direction, allowing the company to focus on its highest quality assets, serving mining. MS noted that since the sale was announced in October, the shares have been strong outperformers, up 48% versus the FTSE 350 engineering index up 16%.

[philanderer] 08/2/2021 14:17

Weir surged and Flutter Entertainment rallied after upgrades to ‘overweight217; at Morgan Stanley. ADVFN

[philanderer] 27/1/2021 10:33

Anything mining related getting a good kicking this morning

[philanderer] 13/1/2021 13:13

BARCLAYS RAISES WEIR GROUP PRICE TARGET TO 2,350 (2,000) PENCE - 'OVERWEIGHT'

[philanderer] 12/1/2021 13:08

DEUTSCHE BANK RAISES WEIR GROUP PRICE TARGET TO 2,100 (1,960) PENCE - 'BUY'

[philanderer] 11/1/2021 17:15

(Sharecast News) - Credit Suisse has downgraded Weir Group to 'neutral', arguing that the investment case for the engineer is less clear following the agreed disposal of its oil and gas business. Cutting its rating from 'outperform', Credit Suisse said it had a preference for Finland's Metso Outotec and Sweden's Sandvik in the mining equipment sector, both of which it rates at 'outperform'. But the bank has upped its target price on the FTSE 250 firm, from 1,670p to 2,150p. In October, Glasgow-based Weir announced it was selling its oil and gas division to US firm Caterpillar in a $405m deal as it sought to refocus on the mining sector. Credit Suisse said: "With the O&G disposal having been announced and the mining businesses having re-rated, we see a less clear investment case for 2021. "We increase our underlying earnings per share forecasts by around 7% in 2020-22, as we move the loss-making O&G division to discontinued operations to reflect the agreed disposal. We increase our target price based on a 2021 estimated sum of the parts valuation, with our target multiple for Weir now at 19x - versus 15.6x previously - which reflects as re-rating of the peer group." Weir's share price has performed strongly in recent months, and is currently trading at more than 2,000p. Credit Suisse said the "positive share price momentum" had "primarily been driven by strength in the copper price. Copper is the most important commodity for Weir Minerals, diving 26% of divisional sales. We see two issues here. "We forecast +20% minerals equipment growth, which is supported by our mining capex tracker and we still do not get upside to 2021 estimated consensus order intake; and Weir has the highest share of aftermarket of the equipment peers, which is positive over the cycle but can limit the scope for positive margin surprises in an equipment up-cycle. "In contrast, we see Metso Outotec as well-positioned from a product mix and cost savings standpoint to take advantage of what should be a healthy 2021-22 estimated mining up-cycle."

[philanderer] 11/1/2021 10:12

CREDIT SUISSE CUTS WEIR GROUP TO 'NEUTRAL' ('OUTPERFORM') - TARGET 2,150 (1,670) PENCE

[philanderer] 06/1/2021 10:09

JPMORGAN RAISES WEIR GROUP PRICE TARGET TO 1,650 (1,600) PENCE - 'NEUTRAL'

[philanderer] 17/12/2020 11:20

BANK OF AMERICA RESUMES WEIR GROUP WITH 'UNDERPERFORM' - TARGET 1,500 PENCE

[philanderer] 16/12/2020 09:45

SOCGEN RAISES WEIR GROUP PRICE TARGET TO 2,000 (1,870) PENCE - 'BUY'

[philanderer] 14/12/2020 11:14

UBS RAISES WEIR GROUP TO 'BUY' ('NEUTRAL') - TARGET 2,150 (1,600) PENCE

[philanderer] 07/12/2020 19:19

I've done that a few times.

[smcni1968] 07/12/2020 16:36

I panicked and sold at the bottom :(

[philanderer] 07/12/2020 10:16

RBC RAISES WEIR GROUP PRICE TARGET TO 2,000 (1,800) PENCE - 'OUTPERFORM'

[philanderer] 03/12/2020 10:32

MORGAN STANLEY RESUMES WEIR GROUP WITH 'EQUAL-WEIGHT' - TARGET 1,730 PENCE

[philanderer] 02/12/2020 09:02

Broker downgrade somewhere this morning ?

[philanderer] 02/12/2020 08:51

'Weir multiple is too low, says Shore Capital' Weir Group (WEIR) has won another mining contract and its focus on this sector means the engineering group should attract a higher multiple, says Shore Capital. Analyst Akhil Patel retained his ‘buy’ recommendation on the company after Weir announced it had won a £95m mining contract in Australia. ‘Population growth, the convergence of living standards in developing economies, urbanisation, ore grade decline, and decarbonisation all point in Weir’s favour as demand for essential mining commodities is growing/ required,’ said Patel. Weir’s plan to become a ‘pure-play mining-focused business’ means volatility would be reduced, resilience increased and earnings quality enhanced, he argued. ‘We believe Weir should attract a higher multiple given the pure strategic focus on mining,’ said Patel. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-cranswick-royal-mail-and-aa/a1433108?section=funds-insider&;_ga=2.235738625.1672024444.1606898628-1236143329.1606898628#i=5