Weir Group (WEIR)

Sector:

Engineering

Index:

FTSE 100

2,014.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 2,074.00p
  • 52 Week Low: 1,675.50p
  • Currency: UK Pounds
  • Shares Issued: 257.90m
  • Volume: 298,966
  • Market Cap: £5,194m
  • RiskGrade: 162

Weir rallies on Morgan Stanley upgrade to 'overweight'

By Michele Maatouk

Date: Monday 08 Feb 2021

LONDON (ShareCast) - (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%.

"It's clear the market has rewarded this strategic move," MS said.

At 1310 GMT, Weir shares were up 4.9% at 2,021p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Weir Group Market Data

Currency UK Pounds
Share Price 2,014.00p
Change Today 4.00p
% Change 0.20 %
52 Week High 2,074.00p
52 Week Low 1,675.50p
Volume 298,966
Shares Issued 257.90m
Market Cap £5,194m
RiskGrade 162

Weir Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.34% below the market average94.34% below the market average94.34% below the market average94.34% below the market average94.34% below the market average
75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average
Price Trend
69.82% above the market average69.82% above the market average69.82% above the market average69.82% above the market average69.82% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
70.85% below the market average70.85% below the market average70.85% below the market average70.85% below the market average70.85% below the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
21.11% above the market average21.11% above the market average21.11% above the market average21.11% above the market average21.11% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average

What The Brokers Say

Strong Buy 3
Buy 7
Neutral 4
Sell 2
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Weir Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 05-Oct-23
Paid 31-May-24 03-Nov-23
Amount 20.80p 17.80p

Trades for 03-May-2024

Time Volume / Share Price
16:35 146,652 @ 2,014.00p
16:35 4 @ 2,014.00p
16:35 1,363 @ 2,014.00p
16:35 244 @ 2,014.00p
16:35 663 @ 2,014.00p

Weir Group Key Personnel

CEO Jon Stanton
Chair Barbara Jeremiah
CFO Brian Puffer

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