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WEIR Weir Group Plc

1,899.50
26.50 (1.41%)
01 Dec 2023 - Closed
Delayed by 15 minutes
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
  26.50 1.41% 1,899.50 689,774 16:35:29
Bid Price Offer Price High Price Low Price Open Price
1,891.50 1,893.00 1,894.50 1,875.00 1,888.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pumps And Pumping Equipment 2.47B 213.4M 0.8201 23.08 4.93B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:57:12 O 25,575 1,899.50 GBX

Weir (WEIR) Latest News

Weir (WEIR) Discussions and Chat

Weir Forums and Chat

Date Time Title Posts
23/11/202315:09Weir Group plc1,631
19/9/201621:09Analysts' View on Weir Group (WEIR)-
15/8/201420:44Zak Mir live Charting on TipTV offering a technical view on The Weir Group PLC 1
26/5/201411:06confuse1
11/2/200611:53220p support level or l;imit?37

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Weir (WEIR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-01 17:57:401,899.5025,575485,797.13O
2023-12-01 17:56:491,891.741,35325,595.23O
2023-12-01 17:39:551,884.311973,712.08O
2023-12-01 17:39:551,884.312003,768.61O
2023-12-01 17:39:551,884.9011,976225,735.50O

Weir (WEIR) Top Chat Posts

Top Posts
Posted at 01/12/2023 08:20 by Weir Daily Update
Weir Group Plc is listed in the Pumps And Pumping Equipment sector of the London Stock Exchange with ticker WEIR. The last closing price for Weir was 1,873p.
Weir currently has 260,200,000 shares in issue. The market capitalisation of Weir is £4,925,586,000.
Weir has a price to earnings ratio (PE ratio) of 23.08.
This morning WEIR shares opened at 1,888p
Posted at 23/11/2023 15:09 by philanderer
Weir Group snaps up mining AI tech firm


Mining technology group Weir has announced it is buying SentianAI, a Sweden-based developer of AI tech that optimises minerals processing performance.

The deal, made for an undisclosed amount, is hoped to accelerate Weir's digital capabilities to provide "enhanced productivity and sustainability offerings to customers".

Based in Malmö, SentianAI's AI algorithms learn and adapt to the dynamic processes within a mine, providing continuous improvement and optimisation over time.

"Digital technology has an important role in helping address the challenges of declining ore grades, production efficiency, and CO2 emissions for our customers," said Weir chief executive Jon Stanton.

"SentianAI's advanced software solutions complement and will bridge our Synertrex® and Motion MetricsTM technologies well. Together, these will enable us to provide holistic performance monitoring and optimisation for smart, efficient and sustainable mining."


Sharecast.com
Posted at 06/11/2023 10:26 by philanderer
Weir becoming a growth compounder, says Peel Hunt


Engineering group Weir (WEIR) is evolving into a growth compounder, says Peel Hunt.

Analyst Harry Philips retained his ‘buy’ recommendation and target price of £25.30 on the Citywire Elite Companies AA-rated specialist oil engineer, which rose 1.7% to £17.49 at the end of last week.

He said the group showed ‘significant confidence’ in reiterating 2023 guidance for ‘strong organic revenue growth, a 17% operating margin, and 80-90% free operating cash conversion’.

‘Trading on a 2024 price to earnings of just 13 times, with a mid-to-high single-digit through-cycle revenue growth target and margins in the range of 17-20%, we believe this pure play mining equipment company offers a good opportunity,’ said Philips.

He thinks the fact the figures are underpinned by a recurring revenue profile given the stock’s ‘powerful and proven compounding theme’ makes Weir ‘one of our top picks in the sector’.

‘We believe the capital markets day on 6 December can be a catalyst in the rerating as the growth and compounding elements of the business become clear,’ he said.



Citywire.com
Posted at 03/11/2023 13:40 by philanderer
Bank of America raises Weir Group price target to 2,450 (2,400) pence - 'buy'
Posted at 01/11/2023 14:45 by philanderer
'Weir maintains guidance despite falling orders in Q3'


[...]
Posted at 08/9/2023 09:52 by philanderer
Deutsche Bank raises Weir price target to 2,165 (2,100) pence - 'hold'
Posted at 04/9/2023 08:49 by philanderer
Jefferies raises Weir price target to 2,330 (2,275) pence - 'buy'
Posted at 21/8/2023 13:29 by philanderer
Weir a compelling opportunity, says Peel Hunt


Industrial company Weir (WEIR) has an increasingly well-proven model, but the opportunities it offers are still not fully understood, with 75% of recurring revenues in markets that have to grow, said Peel Hunt analyst Harry Philips.

Interim results last week showed earnings after debt of £212m – which beat Peel Hunt’s £195m forecast – while the order book was up 2% to a record high of £1.3bn, underpinning the company’s journey to sustainably higher margins in the 17-20% range, he said.

He increased his full-year guidance to £460m with a 17% margin – up to £495m in 2024 and £535m in the following year – while earnings per share increased 5.4%, 4.3% and 4%, respectively. Net debt of £595m and leverage of 1.2 times falls to £290m and 0.5 times by the end of 2025, opening up multiple capital allocation options.

‘The recurring revenue content within Weir (75% aftermarket in process-critical applications) is evolving into a powerful and proven compounding theme,’ Philips said.

He raised the target price to £25.30. In a bad week for the UK stock market, shares in the Citywire Elite Company fell 4% last week to close at £17.72 on Friday.


citywire.com
Posted at 19/7/2023 08:53 by philanderer
JPMorgan raises Weir price target to 2,175 (2,040) pence - 'overweight'
Posted at 11/7/2023 10:18 by philanderer
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
Posted at 02/4/2023 09:36 by philanderer
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.



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