Weir Share Discussion Threads

[philanderer] 19/7/2023 08:53

JPMorgan raises Weir price target to 2,175 (2,040) pence - 'overweight'

[philanderer] 11/7/2023 10:18

Deutsche Bank predicts strong second half for Weir


Engineering group Weir (WEIR) has seen stabilisation in its markets that could provide margin improvement in the back half of this year, says Deutsche Bank.

Analyst Christophe Menard retained his ‘hold’ recommendation, but reduced the target price from £21.35 to £21 on the Citywire Elite Companies AA-rated business, which climbed 1.3%, or 22.5p, to £17.36 on Monday.

He is expecting the first-half results from the group to be largely in line with guidance earlier this year and for full-year 2023 guidance to remain on track.

‘We see orders up 2.5%, sales up 6.6%, and ebit up 13%, with a 95 basis point margin improvement,’ Menard said. ‘We expect the ebit margin improvement to be more skewed to the second half… At a divisional level, we see minerals ebit margin improving by 90 basis points in the first half, but Esco (the mission-critical products division) more timidly by only 20 basis points.’

He added that infrastructure performance was ‘seen as stabilising across 2023’ and both divisions ‘should see steeper margin improvement in the second half, thanks to performance excellence delivering more forcefully on operational efficiencies’.


citywire.com

[philanderer] 10/7/2023 09:23

Deutsche Bank cuts Weir Group target to 2,100 (2,135) pence - 'hold'

[philanderer] 05/5/2023 09:36

Goldman Sachs raises Weir Group price target to 2,350 (2,250) pence - 'buy'

[philanderer] 27/4/2023 09:18

Very good Trading Update. Happy to hold.

Only slightly negative...

.....In infrastructure, as expected, in our largest market of North America orders grew sequentially, though demand remained well below the Q1 2022 peak. Demand in European infrastructure markets remained suppressed.

[philanderer] 19/4/2023 15:14

xd tomorrow morning for the 19.3p dividend

[philanderer] 06/4/2023 10:17

Jefferies raises Weir Group price target to 2,275 (2,090) pence - 'buy'

[philanderer] 02/4/2023 09:36

Weir Group PLC (LSE:WEIR) could be one of the major beneficiaries from a projected 14% growth in mining capital expenditure (capex) in 2023, according to a research note from RBC Capital.

The forecast has been upgraded from RBC's previous estimate of a 10% expansion in January, bringing the cumulative 2019-2023 investment increase to 52%.

RBC believes that the consensus fails to reflect the opportunity this presents for mining equipment companies, particularly for the development of their aftermarket businesses.

Its updated proprietary mining capex database, which incorporates fourth-quarter earnings for the miners, indicates a larger revenue pool for equipment suppliers this year.

The bank expects mid-to-high single-digit growth in capex over the medium term, driven by strong mineral demand growth and increasingly tight supplies. This outlook is not reflected in consensus capex forecasts for the miners, which predict sharply declining investment beyond 2024, a scenario RBC finds implausible.

Moreover, RBC contends that the consensus is too conservative on the aftermarket growth outlook for equipment players, with the market projecting 4-5% average organic service growth. In contrast, RBC anticipates 5-6% per annum in a base-case scenario and up to 9% a year in a bull case.

High mineral prices, including iron ore, copper, and gold, which have risen by 13%, 8%, and 8% year-to-date, respectively, continue to support near-term demand for equipment and aftermarket services.

In Q4 2022, the equipment companies delivered average organic order growth of 4% year-over-year, with average operating margins the highest of the year.

RBC reiterated its 'outperform' ratings for FLSmidth, Metso Outotec, Weir, and Sandvik, with these companies currently trading at an average implied upside of 29%, up from 20% in January.

Weir's shares traded sideways on Friday at 1,860p.



PROACTIVEINVESTORS.CO.UK

[philanderer] 17/3/2023 11:20

Bank of America raises Weir Group to 'neutral' (underperform) - price target 1,800 pence

[philanderer] 14/3/2023 16:03

Director buy


2500 @ GBP18.0913

[philanderer] 06/3/2023 14:21

Deutsche Bank raises Weir Group target to 2,135 (1,900) pence - 'hold'

UBS raises Weir Group price target to 2,500 (2,300) pence - 'buy'

[philanderer] 03/3/2023 11:08

Analysts at Shore Capital said the results for 2022 were around 4% ahead of market consensus.

And Weir declared it was confident of delivering further revenue and profits growth this year. Mr Stanton stated that he has a “high degree of confidence” that Weir will meet its target of a 17% rise in operating margin in 2023, as it reaffirmed to the City yesterday.

“We feel good about what’s coming in 2023,” Mr Stanton told The Herald. “We entered the year with a record order book, so we have got that to deliver. Our markets remain strong and active. We have got a good opportunity pipeline so at this point in time our aftermarket business will grow in the range of mid to single digit [percentage points]. Original equipment sales will be broadly stable.

“What we have done this morning is to reiterate our margin target of 17% for 2023. I have a high degree of confidence of delivering that.”

Weir reported that aftermarket orders had increased by 17% during 2022, noting that it had capitalised on growth within its installed base and mining production trends. Orders for original equipment grew by 3%.

[pugugly] 02/3/2023 10:51

philanderer: Thanks for those targets/

[philanderer] 02/3/2023 10:49

PUGUGLY , I'm happy to hold. Chart looks to be a breakout, maybe a retrace for a while.

These out this morning..

RBC raises Weir Group price target to 2,400 (2,275) pence - 'outperform'

JPMorgan raises Weir Group price target to 2,040 (1,850) pence - 'overweight'

[pugugly] 02/3/2023 08:43

philanderer - Getting toppy? Have you seen any recent brokers targets? NB Holding since 2008- With last sell in 2014 at £22.19.

[philanderer] 01/3/2023 14:33

Analysts at Shore Capital rated the stock a 'buy', adding that "population growth, the convergence of living standards, urbanisation, ore grade decline (more materials need to be processed to extract the same amount of metals/minerals) and the demand for metals/battery metals to support the global clean energy transition/decarbonisation all point in Weir’s favour".


Sharecast.com

[philanderer] 01/3/2023 14:30

Lunchtime update: Weir group leads FTSE gains

Halfway through the first trading session of the month, the FTSE 100 is up 65 points to 7,941.

Weir is leading the pack, rising to hit a two-year high after the mining equipment supplier posted profits of just shy of £400 million, a 33% year-on-year jump. That has helped push up the share price of mining giants Rio Tinto and Antofagasta.

[philanderer] 01/3/2023 10:01

Well received numbers.


Goldman Sachs raises Weir price target to 2,250 (2,220) pence - 'buy'

[ricky46] 01/3/2023 09:09

Boom another breakout

[philanderer] 28/2/2023 15:07

Results tomorrow

[philanderer] 01/2/2023 10:18

Jefferies raises Weir price target to 2,090 (1,990) pence - 'buy'

tp = 2220p

[philanderer] 30/1/2023 10:52

Barclays names 6 UK stocks to buy, saying 2 offer more than 50% upside

- CNBC

... food additive and chemicals giant Tate & Lyle , and mine engineering specialist Weir Group as its other favorite stocks to own.

[philanderer] 27/1/2023 12:26

JPMorgan cuts Weir Group price target to 1,850 (1,920) pence - 'overweight'

[philanderer] 06/12/2022 11:23

Deutsche: Weir delivering green growth


Engineering group Weir (WEIR) is maximising client productivity while minimising environmental impact, according to Deutsche Bank.

Analyst Christophe Menard retained his ‘hold’ recommendation and target price of £19 on the stock, which closed up 1.5% at £17.85 on Monday,

Following a capital markets day hosted by Weir, he said ‘sustainability and technology priorities [are] well aligned’ at the group

‘Weir consistently demonstrated that it works on devising solutions helping maximise client productivity while minimising their environmental impact,’ he said.

‘It is reassuring to see the good alignment of the product strategy with sustainability concerns. This bolsters our confidence in the company achieving its objective of mid to high-single-digit revenue growth across the cycle.’


citywire.com

[philanderer] 06/12/2022 00:03

The Weir Group (LON:WEIR - Get Rating)'s stock had its "hold" rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued on Monday, Marketbeat.com reports. They currently have a GBX 1,900 ($22.73) target price on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 6.44% from the company's current price.