Weir Share Discussion Threads

[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.

[philanderer] 01/12/2020 10:48

Mining technology provider Weir Group pushed up after saying it had won a £95m order to provide aftermarket components and service to the Iron Bridge magnetite project in Western Australia.


ADVFN market open

[philanderer] 06/11/2020 10:55

CREDIT SUISSE RAISES WEIR GROUP TARGET TO 1,670 (1,600) PENCE - 'OUTPERFORM'

[philanderer] 03/11/2020 12:09

Trading update well enough received

[philanderer] 03/11/2020 11:42

JEFFERIES RAISES WEIR GROUP PRICE TARGET TO 1,565 (1,060) PENCE - 'HOLD'

[philanderer] 27/10/2020 13:36

And virus inspired drop yet again.

[philanderer] 22/10/2020 14:12

Getting hit hard today.

[philanderer] 15/10/2020 14:18

UBS RAISES WEIR GROUP PRICE TARGET TO 1,600 (850) PENCE - 'NEUTRAL'

[philanderer] 12/10/2020 10:17

BARCLAYS RAISES WEIR GROUP PRICE TARGET TO 2,000 (1,350) PENCE - 'OVERWEIGHT'

[philanderer] 07/10/2020 21:11

(Sharecast News) - Gains for the likes of First Group and National Express helped keep the second-tier index in positive territory, with the FTSE 250 edging up by 0.02% to 17,801.75 by the close.

Other big gainers included CMC Markets, with shares in the online trading specialist flirting with record highs, and Weir Group, whose stock was attempting to break out to fresh 52-week highs.

[philanderer] 07/10/2020 11:38

RBC RAISES WEIR GROUP PRICE TARGET TO 1800 (1680) PENCE - 'OUTPERFORM'

[philanderer] 06/10/2020 10:38

DEUTSCHE BANK RAISES WEIR GROUP TO 'BUY' (HOLD) - PRICE TARGET 1960 (1200) PENCE

LIBERUM RAISES WEIR GROUP PRICE TARGET TO 1575 (770) PENCE - 'HOLD'

SHORE CAPITAL RAISES WEIR GROUP TO 'BUY' ('HOLD')

[philanderer] 06/10/2020 10:28

Shore Capital puts Weir under review after sale

Shore Capital has placed Weir (WEIR) under review after the engineering group sold its oil and gas division to Caterpillar for £314m.

Analyst Akhil Patel placed his ‘hold’ recommendation under review after the announcement. The shares rose 15.9% to £14.83 yesterday.

‘While we are slightly surprised by the timing of the sale given the current oil and gas conditions, we are pleased to see the proposed transaction at a reasonable price and which significantly changes Weir’s investment case,’ he said.

Patel said he would review the investment case and recommendation as the sale ‘significantly changes the dynamics of the group’.

[philanderer] 06/10/2020 10:25

Analysts at Liberum said the sale was “the final step in transforming the group into a pure play mining company”, adding that the £314m purchase price looked reasonable.

[philanderer] 06/10/2020 00:27

Engineering giant Weir is latest British company to catch eye of overseas suitors as Caterpillar snaps up oil arm for £314m

....Harry Philips, an analyst at Peel Hunt, said that Weir had 'pulled a rabbit out the hat' with the deal. He added: 'The management deserves much credit for getting the asset away in the current environment and it will enable Weir to participate in mergers and acquisitions.'

[philanderer] 05/10/2020 10:04

Pure mining now then.


'Glasgow-based Weir Group exits oil and gas in £314m deal'

[smcni1968] 05/10/2020 07:59

Oil & gas sold

[philanderer] 16/9/2020 14:21

CREDIT SUISSE RAISES WEIR GROUP TO 'OUTPERFORM' ('NEUTRAL') TARGET 1600(1380) PENCE