Weir Share Discussion Threads

[philanderer] 23/11/2022 15:03

Weir and abrdn set to rejoin FTSE 100

Meanwhile, Harbour Energy looks likely to fall out of the top group of London-listed businesses

[philanderer] 02/11/2022 14:32

Nice update.


Jefferies raises Weir Group price target to 1990 (1935) pence - 'buy'

[philanderer] 30/10/2022 16:28

The world is getting cleaner – and this stock is primed to benefit


Questor share tip: ethical investing is all the rage but finding fundamentally sound companies is still vital

[philanderer] 05/10/2022 18:38

xd tomorrow for the 13.5p dividend

[philanderer] 28/9/2022 13:56

Peel Hunt: Weir’s mining move was right choice


Plans for engineer Weir (WEIR) to focus on mining will reduce volatility and increase resilience, says Shore Capital.

Analyst Akhil Patel retained his ‘buy’ recommendation and ‘fair value’ target price of £22.50 on the stock, which closed down 3.3% at £14.37 on Tuesday after a capital markets day.

‘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…,̵7; said Patel, ahead of the event.

‘Becoming a pure-play mining-focused business reduces volatility, increases resilience, and enhances its earning quality via its aftermarket earnings profile.’

Trading on a current year forecast price-to-earnings (PE) ratio of 17.6, he said the valuation seems ‘too low’ given the above attributes. ‘Thus, we see upside in the shares from a re-rating perspective given the favourable near-term drivers and market backdrop.’

Patel said his target price implies a 23x PE ratio for the full year, which is not unreasonable for ‘a premium mining-focused business with long-term structural growth drivers given the expected transition of the mining industry to adopt more technological, sustainable, efficient, and environmentally friendly practises’.

CITYWIRE.COM

[philanderer] 27/9/2022 10:28

And exactly the same yesterday/ this morning. Weird.

[philanderer] 09/8/2022 08:51

I mean, what is the point ? Up yesterday , off today.

[philanderer] 29/7/2022 15:01

Citigroup raises Weir price target to 1580 (1520) pence - 'neutral'

Goldman Sachs raises Weir price target to 1,960 (1,900) pence - 'buy'

[philanderer] 28/7/2022 10:21

Report gone down well.

[philanderer] 13/7/2022 12:02

RBC cuts Weir price target to 2,000 (2,470) pence - 'outperform'

[ram376s] 04/7/2022 10:13

Vivid share. gdr. popish ,

[philanderer] 01/7/2022 10:44

JPMorgan cuts Weir price target to 1,650 (2,020) pence - 'overweight'

[philanderer] 23/6/2022 16:04

Freefall to 1200p by the look of it.

[philanderer] 08/6/2022 09:27

So wtf is the problem today ?

[philanderer] 23/5/2022 12:31

UBS cuts Weir Group price target to 1,920 (2,010) pence - 'buy'

[philanderer] 10/5/2022 11:28

Jefferies cuts Weir Group price target to 1,935 (2,085) pence - 'buy'

[bertiebingo] 28/4/2022 18:05

Miners and cap goods generally weak. Caterpillar -5% on results too. CAT have been held back by components and margin squeeze but expect to improve from here. OE orders down due to Base effect of big Ferrexpo order but rolling 12m looks ok. AM 75% of orders , very strong with some pull forward of orders due to concerns re availability in future. Will see some small -ve earnings due to Russia but overall trend should be decent for next few years.

[philanderer] 28/4/2022 09:39

Today's update not gone down well at all.


"....The Group's assets in Russia comprise primarily of inventory and receivables and represent c.2% of the Group's net assets. While a review of the recoverability remains ongoing, this could result in an exceptional write-off during 2022."

[philanderer] 20/4/2022 19:29

xd tomorrow morning for the 12.3p dividend

[philanderer] 11/4/2022 09:49

(Alliance News) - Weir Group PLC on Monday said it has acquired Carriere Industrial Supply Ltd, a manufacturer of wear parts and aftermarket services provider to the Canadian mining industry, for an enterprise value of GBP20 million.

Carriere Industrial's products include mining buckets and lip systems.

[philanderer] 07/4/2022 12:01

UBS cuts Weir Group price target to 2,010 (2,120) pence - 'buy'

[philanderer] 28/3/2022 10:40

Goldman Sachs raises Weir price target to 2,000 (1,920) pence - 'buy'

[philanderer] 18/3/2022 12:03

Weir is top buy for 2022, says Berenberg


Mining services group Weir (WEIR) is a top buy for Berenberg this year, which thinks there is more outperformance to come.

Analyst Joseph Bloomfield retained his ‘buy’ recommendation but reduced the target price from £22.40 to £21.90 on the stock, which slipped 1.25%, or 23p, at £18.64 yesterday.

He said the group’s full-year results ‘provided us with the first full-year snapshot of the group as a mining equipment pure-play’.

‘While 2021 served up its own challenges, both macro and company-specific, we think that Weir weathered the storm well,’ said Bloomfield.

‘Looking ahead, we remain bullish: end-market momentum remains positive, margins withstood the cyberattack and are now trading towards the 17% target, and we believe that the group is well placed to navigate the inflationary pressures.’


citywire.com