Share Name Share Symbol Market Type Share ISIN Share Description
Weir Group Plc LSE:WEIR London Ordinary Share GB0009465807 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  12.50 0.66% 1,905.00 421,126 16:35:06
Bid Price Offer Price High Price Low Price Open Price
1,906.00 1,907.00 1,908.00 1,886.50 1,896.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 1,964.70 184.30 -57.60 4,946
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:24 O 1 1,895.877 GBX

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Date Time Title Posts
04/5/202113:48Weir Group plc1,529
19/9/201622:09Analysts' View on Weir Group (WEIR)-
15/8/201421:44Zak Mir live Charting on TipTV offering a technical view on The Weir Group PLC 1
11/2/200611:53220p support level or l;imit?37

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Weir Daily Update: Weir Group Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker WEIR. The last closing price for Weir was 1,892.50p.
Weir Group Plc has a 4 week average price of 1,823.50p and a 12 week average price of 1,757.50p.
The 1 year high share price is 2,130p while the 1 year low share price is currently 1,006.50p.
There are currently 259,612,052 shares in issue and the average daily traded volume is 825,867 shares. The market capitalisation of Weir Group Plc is £4,945,609,590.60.
philanderer: 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://
philanderer: Weir Minerals and Hayward Gordon ULC Announce Expanded Partnership in Latin America HTTPS://
philanderer: And they did ;-) GOLDMAN SACHS RAISES WEIR GROUP PRICE TARGET TO 2,050 (1,920) PENCE - 'NEUTRAL'
philanderer: 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.
philanderer: 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://
philanderer: 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: (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: '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://;_ga=2.235738625.1672024444.1606898628-1236143329.1606898628#i=5
philanderer: 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’. HTTPS://
Weir share price data is direct from the London Stock Exchange
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