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An announcement from Weir Group plc (The) ( (GB:WEIR) ) is now available.
The Weir Group PLC and Olayan Saudi Holding Company have signed a shareholders’ agreement to create a joint venture in Saudi Arabia to supply advanced mining technology and integrated solutions to the kingdom’s fast-growing mining sector. Announced at the Future Minerals Forum in Riyadh, the venture is expected to be operational by the end of the first quarter of 2026, subject to government approvals, and is designed to combine Weir’s global mining technology leadership with Olayan’s local market expertise to build a localized mining value chain, strengthen service to regional customers and support Saudi Arabia’s Vision 2030 economic diversification and industrial development goals.
The most recent analyst rating on (GB:WEIR) stock is a Buy with a £3350.00 price target. To see the full list of analyst forecasts on Weir Group plc (The) stock, see the GB:WEIR Stock Forecast page.
Spark’s Take on GB:WEIR Stock
According to Spark, TipRanks’ AI Analyst, GB:WEIR is a Outperform.
The Weir Group plc’s overall stock score is driven by strong financial performance and positive technical indicators. The company’s strategic acquisitions and focus on digital solutions are expected to support future growth. While the valuation is fair, the earnings call and corporate events highlight significant strengths and confidence in the company’s strategic direction.
To see Spark’s full report on GB:WEIR stock, click here.
More about Weir Group plc (The)
Founded in 1871, The Weir Group PLC is a global engineering company focused on making mining and infrastructure operations more sustainable and efficient. It supplies highly engineered mining technologies and digital solutions, including comminution, separation and tailings systems and its WARMAN-branded slurry pumping technology, to customers in over 50 countries and every major mining region, positioning the group to benefit from long-term demand for essential metals and the energy transition.
Average Trading Volume: 773,729
Technical Sentiment Signal: Buy
Current Market Cap: £7.8B
For a thorough assessment of WEIR stock, go to TipRanks’ Stock Analysis page.