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Weir Group plc (The) ( (GB:WEIR) ) just unveiled an announcement.
The Weir Group PLC has announced a change in its external auditor following a competitive tender process. The company’s Audit Committee recommended, and the Board endorsed, the appointment of EY LLP as the new external auditor starting from the year ending December 2026, subject to shareholder approval at the 2026 AGM. PWC LLP, the current auditor, will continue in their role until the conclusion of the 2026 AGM. This change reflects Weir’s commitment to maintaining robust financial oversight and could impact its financial reporting processes.
The most recent analyst rating on (GB:WEIR) stock is a Buy with a £2570.00 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 scores highly due to strong corporate events and positive technical indicators, indicating a robust market position. Financial performance is solid, though vigilance in leverage management is required. Valuation suggests a potential overvaluation, tempered by a modest dividend yield.
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 leading engineering company focused on enhancing the sustainability and efficiency of mining and infrastructure operations. The company provides highly engineered technology and digital solutions that help produce critical resources with reduced energy, water, and waste, while minimizing customers’ total cost of ownership. Weir Group operates in over 50 countries and is well-positioned to benefit from the increasing demand for essential metals driven by economic development and carbon transition.
Average Trading Volume: 613,530
Technical Sentiment Signal: Buy
Current Market Cap: £6.53B
For a thorough assessment of WEIR stock, go to TipRanks’ Stock Analysis page.