Weir Group (WEIR)

Sector:

Engineering

Index:

FTSE 100

2,020.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 2,036.00
  • 52 Week Low: 1,675.50
  • Currency: UK Pounds
  • Shares Issued: 257.90m
  • Volume: 124,399
  • Market Cap: £5,210m
  • RiskGrade: 162

Weir Group Q1 revenues 'stable'

By Iain Gilbert

Date: Thursday 29 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Mining technology firm Weir Group said on Thursday that first-quarter revenues were stable, leading the company to note that full-year profit growth looked set to be in line with market expectations.
While Weir didn't provide a concrete number when it came to revenues it did say that group orders throughout the first three months of the year had risen 11%, predominately due to a 67% jump in original equipment orders during the quarter.

Weir also highlighted that conditions in mining markets had improved in the first quarter, bolstered by commodity prices almost reaching multi-year highs, with demand hitting its highest points in North America, Central Asia and Africa.

The AIM-listed company said its pipeline and bid conversion rate was developing positively but also noted that aftermarket orders were down 2% year-on-year, due to ongoing Covid-19 disruptions to ore production.

Chief executive Jon Stanton said: "The group has had a good start to the year against the backdrop of ongoing Covid challenges. As expected, conditions continued to improve in both mining and infrastructure markets reflecting increasing customer confidence in a broad-based economic recovery and near-record prices for commodities essential to growth and carbon transition."

"Looking to the full year, we continue to expect to deliver growth in full-year constant currency profits in line with current market expectations.

As of 0840 BST, Weir shares were up 1.11% at 1,963.50p.

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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 2,020.00p
Change Today -1.00p
% Change -0.05 %
52 Week High 2,036.00
52 Week Low 1,675.50
Volume 124,399
Shares Issued 257.90m
Market Cap £5,210m
RiskGrade 162

Weir Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.83% below the market average94.83% below the market average94.83% below the market average94.83% below the market average94.83% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average
Price Trend
67.54% above the market average67.54% above the market average67.54% above the market average67.54% above the market average67.54% above the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average
Income
71.72% below the market average71.72% below the market average71.72% below the market average71.72% below the market average71.72% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
14.04% above the market average14.04% above the market average14.04% above the market average14.04% above the market average14.04% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average

What The Brokers Say

Strong Buy 3
Buy 8
Neutral 4
Sell 2
Strong Sell 0
Total 17
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 28-Mar-2024

Time Volume / Share Price
15:09 46 @ 2,020.00p
15:09 135 @ 2,020.00p
15:09 60 @ 2,020.00p
15:09 79 @ 2,019.00p
15:09 33 @ 2,019.00p

Weir Group Key Personnel

CEO Jon Stanton
Chair Barbara Jeremiah
CFO Brian Puffer

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