Weir Share Discussion Threads

[philanderer] 04/5/2021 13:48

Structural tailwinds should help Weir rerate Specialist mining engineer Weir Group (WEIR) will reap the benefit of long-term structural tailwinds as the mining sector adopts newer technologies, according to Shore Capital. Analyst Akhil Patel retained his ‘buy’ recommendation on the stock after a first quarter update that showed ‘good order growth as market conditions improved’. After modest gains on Thursday, the stock closed down 2.2%, or 43p, at £19.17 on Friday. ‘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 [and] required,’ he said. Patel said mining peers have rerated as market conditions improved and Weir should follow suit. ‘We retain our “buy” recommendation in a premium mining-focused business with long-term structural drivers given the expected transition of the mining industry to adopt more technological, sustainable, efficient and environmentally friendly practices,’ he said. HTTPS://citywire.co.uk/funds-insider/news/the-expert-view-wh-smith-vistry-natwest-weir-and-network-international/a1501979?section=funds-insider&_ga=2.39384427.95742686.1620132078-1089466869.1620132078#i=5

[philanderer] 30/4/2021 10:36

CITIGROUP RAISES WEIR GROUP PRICE TARGET TO 2,100 (1,900) PENCE - 'NEUTRAL'

[philanderer] 30/4/2021 00:22

Weir Minerals and Hayward Gordon ULC Announce Expanded Partnership in Latin America HTTPS://www.prnewswire.com/news-releases/weir-minerals-and-hayward-gordon-ulc-announce-expanded-partnership-in-latin-america-301280029.html

[philanderer] 29/4/2021 10:51

And they did ;-) GOLDMAN SACHS RAISES WEIR GROUP PRICE TARGET TO 2,050 (1,920) PENCE - 'NEUTRAL'

[philanderer] 28/4/2021 18:56

AGM tomorrow. Not sure if they'll update.

[philanderer] 21/4/2021 09:55

It's either a downgrade, big seller(s) or a read across from an American outfit. Can't find a thing.

[philanderer] 13/4/2021 14:35

Credit Suisse said it upgraded Weir Group PLC (LON:WEIR) to ‘outperform217; as the mining equipment company has underperformed its European peers by 28% in the last three months and created a buying opportunity. The company’s fundaments are strong, Credit Suisse said as it raised its recommendation from ‘neutral’;. “We also publish today our Mining Equipment primer and see strong fundamentals for Weir’s mining end market that can see Weir establish status as a higher quality, aftermarket driven, earnings compounder.” The broker said it also sees an opportunity for free cash flow conversion to improve after the integration of Esco, which Weir bought in 2018, and the disposal of the oil and gas division completed this February. “We forecast 77% conversion in 2021E-23E compared to cumulative 49% conversion in 2016-20,” it said. proactiveinvestors.co.uk

[philanderer] 13/4/2021 10:46

CREDIT SUISSE RAISES WEIR GROUP TO 'OUTPERFORM' ('NEUTRAL') - PRICE TARGET 2,150 PENCE

[philanderer] 09/4/2021 13:19

Slightly better today so far.

[jackdaw4243] 24/3/2021 16:38

Oh dear !! some shorter's are getting burnt.

[philanderer] 23/3/2021 10:54

If my auntie was my uncle.....should have dumped these at 2000p :-(

[philanderer] 11/3/2021 00:31

Weir Group signs up for digital supply chain HTTPS://www.miningmagazine.com/supply-chain-management/news/1406241/weir-group-signs-up-for-digital-supply-chain

[philanderer] 10/3/2021 11:34

CITIGROUP RAISES WEIR GROUP PRICE TARGET TO 1,900 (1,600) PENCE - 'NEUTRAL'

[philanderer] 04/3/2021 14:37

JPMORGAN RAISES WEIR GROUP PRICE TARGET TO 1,800 (1,650) PENCE - 'NEUTRAL'

[philanderer] 04/3/2021 00:33

'Morrisons likely to drop out of FTSE 100 as groceries boom wanes' Supermarket chain and South West Water owner likely to be replaced by engineers Weir Group and Renishaw HTTPS://www.theguardian.com/business/2021/mar/03/morrisons-likely-to-drop-out-of-ftse-100-south-west-water-weir-renishaw

[philanderer] 03/3/2021 15:34

RBC RAISES WEIR GROUP PRICE TARGET TO 2,470 (2,190) PENCE - 'OUTPERFORM'

[philanderer] 03/3/2021 00:33

Investors Chronicle: Thanks to the surge in mining interest last year, Weir’s share price more than doubled between the March equities crash and the start of 2021, to over 2,000p. There was a 5 per cent fall to under 1,950p after the release of the 2020 results, perhaps from shareholders perturbed by the lack of a dividend. The shares are not cheap, valued at 22 times forward earnings, but we think the group will deliver through the mining rush. Buy. HTTPS://www.investorschronicle.co.uk/news/2021/03/02/weir-lagging-mining-boom/

[philanderer] 02/3/2021 11:32

Commenting on the results, Brewin Dolphin senior investment manager John Moore said that if the company continues on its current track, it could shortly make a return to the FTSE 100. "The change in fortunes is also a vindication of its management team’s decision to exit the oil and gas sector and instead focus on mining, a market that has recovered well from the depths of the pandemic. "Weir has upped its spending on innovation and engineering technology, helping to reduce water and energy usage, as well as waste output, for customers giving the company some ESG merit for investors focussed on change and sustainability." He added: "While the dividend hasn’t been re-instated today, there is at least a commitment in its capital allocation policy to resume payments in the not-too-distant future, possibly funded by more exciting growth potential than has been the case for some time." HTTPS://www.insider.co.uk/company-results-forecasts/weir-group-reports-stable-revenues-23589290

[philanderer] 02/3/2021 11:03

GOLDMAN SACHS CUTS WEIR GROUP PRICE TARGET TO 1,920 (2,070) PENCE - 'NEUTRAL'

[philanderer] 02/3/2021 10:26

And not well received. No dividend either "...Engineer Weir lost ground after it reported a decline in full-year profit and revenue." Kiss any chance of a return to the FTSEE100 goodbye

[philanderer] 01/3/2021 18:42

Full Year results released tomorrow.

[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.