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
  -24.50 -1.35% 1,789.50 804,955 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1,788.50 1,790.00 1,837.00 1,787.00 1,796.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 1,964.70 184.30 -57.60 4,646
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:03 O 662 1,807.249 GBX

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Date Time Title Posts
04/3/202114:37Weir Group plc1,516
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
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 1,814p.
Weir Group Plc has a 4 week average price of 1,787p and a 12 week average price of 1,762p.
The 1 year high share price is 2,130p while the 1 year low share price is currently 608.60p.
There are currently 259,612,052 shares in issue and the average daily traded volume is 1,046,766 shares. The market capitalisation of Weir Group Plc is £4,645,757,670.54.
philanderer: 'Morrisons likely to drop out of FTSE 100 as groceries boom wanes' Supermarket chain and South West Water owner likely to be replaced by engineers Weir Group and Renishaw HTTPS://
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: Commenting on the results, Brewin Dolphin senior investment manager John Moore said that if the company continues on its current track, it could shortly make a return to the FTSE 100. "The change in fortunes is also a vindication of its management team’s decision to exit the oil and gas sector and instead focus on mining, a market that has recovered well from the depths of the pandemic. "Weir has upped its spending on innovation and engineering technology, helping to reduce water and energy usage, as well as waste output, for customers giving the company some ESG merit for investors focussed on change and sustainability." He added: "While the dividend hasn’t been re-instated today, there is at least a commitment in its capital allocation policy to resume payments in the not-too-distant future, possibly funded by more exciting growth potential than has been the case for some time." 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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