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Home / Stocks and Markets at Lows / The Weir PLC (WEIR.L) 27-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

The Weir PLC (WEIR.L) 27-03-20

The Weir PLC (WEIR.L) has fallen significantly from the highs of 1566.5p. Will the trend carry, or is this the chance to catch a bargain?

 

  • Currently at 689.2p (at time of writing). A rally to the recent highs would be an increase of 127%.
  • The Weir PLC (WEIR.L) is one of the biggest fallers in the period. It has not participated in the market ‘bounce’.
  • Should this trend be respected, or are we about to see a big bounce?
  • The market will over-react to bad news. Is it is down for good reason, or is this an over-reaction?
  • Investors seeking a bargain should be mindful of underlying performance. Check our website and the company’s website for information on the stock.
  • Shares -62% from 12-month highs; +-1% from 12 month lows.

Latest News

26 Mar:  Shore Capital has upgraded its rating on Weir Group (WEIR) to hold (from sell).

26 Mar:  The Weir Group traded as anticipated in January and February, despite 3 sites in China being closed due to the covid-19 outbreak.

25 Mar:  JP Morgan Cazenove reiterates its neutral rating on Weir Group (WEIR) and reduced the target price to 900p (from 1400p).

23 Mar:  Deutsche Bank reiterates its buy rating on Weir Group (WEIR) and reduced the target price to 950p (from 1300p).

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

 

Click to enlarge

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