Shares in The Weir PLC (WEIR.L) have dropped from recent highs of 1566.5p. Are further falls imminent, or will investors benefit from this low price?

• A return to previous highs would represent a rise of 12%. Now trading at 1390.5p (at time of writing).
• This stock is one of the most significant fallers in the period.
• Is the fall justified? Is a bounce due?
• The market has been known to over-react to negative news. Traders may wish to consider whether the fall is reasonable, or is the recent fall an over-reaction?
• Contrarian traders should be mindful of fundamentals and events, which can influence price. Check our website for updates.
• Shares -23% from 12-month highs; +10% from 12 month lows.

Latest News

17 Jan:  RBC Capital Markets reiterates its top pick rating on Weir Group (WEIR) and increased the target price to 1900p (from 1800p).

08 Jan:  Barclays Capital reiterates its overweight rating on Weir Group (WEIR) and cut the target price to 1750p (from 1800p).

19 Dec:  Credit Suisse has downgraded its rating on Weir Group (WEIR) to neutral (from outperform) and cut the target price to 1550p  (from 1600p).

12 Dec:  Weir Group has made two new appointments at board level to improve its onus on sustainability and technology.

06 Dec:  Weir, the engineering group,  announced that the guidance in its interim statement from had not been amended.

28 Nov:  Exane BNP Paribas has upgraded its rating on Weir Group (WEIR) to outperform (from neutral).

08 Nov:  HSBC reiterates its buy rating on Weir Group (WEIR) and cut the target price to 1750p (from 1820p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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