Weir Share Discussion Threads

[3rd eye] 07/3/2016 08:37

WEIR

Chart Breakout.

Date Broker Recommendation Price Old target price New target price Notes

04 Mar Goldman Sachs Buy 1,065.50 1,350.00 1,350.00 Retains
26 Feb Deutsche Bank Buy 1,065.50 1,200.00 1,025.00 Retains

[cestnous] 29/2/2016 12:02

Spot on bookbroker.

[flyingbull] 29/2/2016 00:11

The March oil stock challenge is on! Deadline for entries is midnight on Monday 29 Feb 2016. Good luck!!!

fb

[bookbroker] 02/2/2016 10:18

Need these Arabs to basically realise that civil unrest in their countries is a given, they think they can continue to behave irresponsibly, they are as backward as they behave, if it was not for western tastes and the fact that we continue to play a role in the stability of their countries, they would already have imploded, it's time they come to their senses and start to understand that religion is not a weapon for political means!

[bookbroker] 02/2/2016 10:13

Since the last set of results, at half year, this stock has declined nigh on 45%, clearly markets have become tougher since then and profits will have been impacted with little sign of improvement for some time to come, are these good value or do we continue to decline, that is the question!

[pasq] 19/12/2015 12:27

If oil goes to $20 per barrell and commodities don't recover for 18 months plus.....

[cc2014] 08/12/2015 23:44

Well I bought some (more) today at 10.17. Hopefully a short term trade.

About six months ago we had takeover rumours when the price was £17-£18. How times change

[grupo guitarlumber] 08/12/2015 22:34

Weir Group PLC (LON:WEIR)‘s stock had its “sector perform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 1,200 ($18.08) target price on the stock. RBC Capital’s price objective suggests a potential upside of 11.56% from the company’s current price.

Several other brokerages have also weighed in on WEIR. Haitong Bank reaffirmed a “neutral”; rating and set a GBX 1,575 ($23.73) target price on shares of Weir Group PLC in a report on Thursday, September 17th. Barclays reduced their price objective on Weir Group PLC from GBX 1,350 ($20.34) to GBX 1,250 ($18.84) and set an “equal weight” rating for the company in a research report on Wednesday, November 4th. JPMorgan Chase & Co. cut their target price on Weir Group PLC from GBX 1,260 ($18.99) to GBX 1,120 ($16.88) and set an “underweight” rating for the company in a research report on Wednesday, November 4th. Nomura dropped their price target on Weir Group PLC from GBX 1,315 ($19.82) to GBX 1,110 ($16.73) and set a “neutral”; rating on the stock in a report on Friday, November 20th. Finally, Goldman Sachs reissued a “buy” rating and set a GBX 1,550 ($23.36) target price on shares of Weir Group PLC in a research note on Monday, October 19th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,323.68 ($19.95).

Weir Group PLC (LON:WEIR) opened at 1020.0000 on Tuesday. Weir Group PLC has a 52 week low of GBX 995.50 and a 52 week high of GBX 2,045.00. The stock has a 50 day moving average price of GBX 1,116.53 and a 200 day moving average price of GBX 1,426.39. The firm’s market cap is GBX 2.18 billion.

The Weir Group PLC is engaged in engineering businesses. The Company operates in three business segments: Minerals, Oil & Gas and Power & Industrial. The Company’s Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets. Its Oil & Gas segment is engaged in designing, manufacturing and supporting products used in the upstream pressure pumping, upstream pressure control and downstream refining operations. It provides products and service solutions to upstream, production, transportation, refining and related industries. Its Power & Industrial segment designs and manufactures valves, pumps and turbines, as well as providing specialist support services to the power generation, industrial and oil and gas sectors. Its brands include Warman, GEHO, Linatex, Vulco, Cavex, Enduron, Trio, SPM, Seaboard, Mathena, Hopkinsons, Atwood & Morrill, and others

[deanroberthunt] 04/12/2015 08:53

why don't WEIR and AMFW merge ?

[volsung] 03/12/2015 15:30

The bad news may be priced in here

[pasq] 13/11/2015 22:48

We have now seen the extent that the fall of oil prices has had on this company. Everyone is now bracing themselves for the impact that mineral extraction, or more to the point, lack of, will have early next year - just look at Glencore. I am not intending to trade in the stock market for quite a while now, but all the cost cutting in place will not compensate for the reliance that Weir has on both oil and mineral extraction.

[siwel3] 22/10/2015 08:38

Yep that's what I figured ...ta

[deanroberthunt] 22/10/2015 05:55

No.

might be worth starting to build a few when per hits 8-9, so 680-720p share price ..based on fy eps of 80p.

problem is, we are likely to be in recession in the next 12-18 mths, so what price Weir in a bear market, if it's share price doesn't recover in the remaining bull period....could see 300-400p or lower

[siwel3] 21/10/2015 20:59

COnsidering everybody and their uncle is short this one, is there any glimmer of hope what with the gross cutbacks, 12 month lag to any eventual oiler upturn, missed targets and warnings to come etc etc etc

[market sniper1] 09/10/2015 11:43

RBC downgrades Weir to 'underperform'
Fri 09 October 2015 10:06 | A A A


(ShareCast News) - RBC Capital Markets cut Weir to 'underperform' from 'sector perform' and slashed its price target to 1,150p from 1,850p.


"Whilst Weir shares would respond quickly to signs of oilfield activity recovering, near term we suspect they might come under pressure," the Canadian bank said.

It said the outlook for the oil & gas division is deteriorating and current consensus forecasts are around 10% too high.

RBC noted that minerals sales/EBITA declined 8% and 11% respectively organically in the first half, with OEM sales declines offsetting the more resilient aftermarket . It added that since the first half, commodity prices have come under pressure.

The bank said the oil & gas division is working hard on its cost base, targeting £55m lower annual costs by end 2015, but only so much can be done in the face of major price and volume declines.

It now forecasts 2016 O&G sales/EBITA of £585m/£77m, down from £740m/£110m previously.

[cockneyrebel] 07/10/2015 13:24

Chart now changed APAD - breakout of the down trend and the previous high imo:


free stock charts from uk.advfn.com

[apad] 26/8/2015 14:21

Touche CR
apad

[cc2014] 26/8/2015 12:13

Today's intra-day chart is very odd as it appears the spike bears no relation to the price of oil.

I suppose we are now close to the downtrend line which I expect we will break through sooner or later (need a nudge from the price of oil)

[cockneyrebel] 20/8/2015 08:16

A better place to be long now APAD, imo:


free stock charts from uk.advfn.com


But have a stop level too imo.

CR

[apad] 30/7/2015 07:47

Shell will cut 6,500 jobs and slash its capital spending this year as it seeks to cope with low oil prices.

The Dutch giant said on Thursday it was planning for a “prolonged downturn” in the oil industry. It reported second-quarter earnings, on a current cost of supplies basis, of $3.1bn (£2bn), down from $5.1bn last year.

It meant earnings per share were down 37pc, Shell said, as excluding identified items, earnings fell from $6.1bn to $3.8bn.

In response, Shell said it will further reduce 2015 capital investment to $30bn, down by 20pc from a year ago as it expects the downturn in oil prices to "last for several years."

[apad] 30/7/2015 07:40

Competent company. Maintained divvy. Can pay the bills. Knows how to manage a downturn. Let's hope for share price weakness over the summer, but I suspect this puts a floor under the price unless oil weakens significantly.
apad

[1gw] 30/7/2015 06:42

Lots of negative numbers in those results!

Still if you look hard enough there are perhaps one or two positives:

"First half results in-line with June trading update expectations"

Cash from operations up 35% to £202m in 1H and:
"we expect a meaningful sequential improvement in our financial performance in the second half of 2015, alongside continued strong cash generation"