Weir Group (WEIR)

Sector:

Engineering

Index:

FTSE 100

2,294.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 2,300.00
  • 52 Week Low: 1,759.50
  • Currency: UK Pounds
  • Shares Issued: 259.61m
  • Volume: 563,067
  • Market Cap: £5,956m
  • RiskGrade: 162
  • Beta: 1.24

Berenberg slightly raises target price on Weir Group

By Iain Gilbert

Date: Thursday 28 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg slightly raised their target price on engineering giant Weir Group from 2,450.0p to 2,500.0p on Thursday as it said long-term value was continuing to emerge.
Berenberg stated that following a period of sector outperformance by Weir in Q324, it had chosen to revisit its investment case for the group.

The German bank noted that Weir's order growth had stabilised and returned to growth in Q3, with a book-to-bill ratio back above 1x .

It also acknowledged that Weir has experienced strong original equipment order momentum in its minerals division, which "aligns well with long-term themes", such as energy transition and decarbonisation, that have supported its ongoing growth.

"We note that Weir's Q3 share price outperformance has been at the expense of more traditionally cyclical stocks in the engineering sector and we acknowledge the potential for a pro-cyclical rotation in the sector to favour some of the Q3 laggards as we enter 2025," said Berenberg, which stood by its 'buy' rating on the stock.

"However, we continue to see value in Weir if, as we expect, it continues to deliver on its strategic and financial model."











Reporting by Iain Gilbert at Sharecast.com

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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 2,294.00p
Change Today 12.00p
% Change 0.53 %
52 Week High 2,300.00
52 Week Low 1,759.50
Volume 563,067
Shares Issued 259.61m
Market Cap £5,956m
Beta 1.24
RiskGrade 162

Weir Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.37% below the market average97.37% below the market average97.37% below the market average97.37% below the market average97.37% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Price Trend
70.17% above the market average70.17% above the market average70.17% above the market average70.17% above the market average70.17% above the market average
93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average
Income
76.2% below the market average76.2% below the market average76.2% below the market average76.2% below the market average76.2% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Growth
43.81% above the market average43.81% above the market average43.81% above the market average43.81% above the market average43.81% above the market average
37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 19
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
  Interim Final
Ex-Div 03-Oct-24 18-Apr-24
Paid 01-Nov-24 31-May-24
Amount 17.90p 20.80p

Trades for 11-Dec-2024

Time Volume / Share Price
16:50 57,361 @ 2,258.00p
16:49 57,361 @ 2,258.00p
16:39 99,184 @ 2,288.90p
16:35 228 @ 2,294.00p
16:35 84 @ 2,294.00p

Weir Group Key Personnel

CEO Jon Stanton
Chair Barbara Jeremiah
CFO Brian Puffer

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