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Weir Group plc (The) ( (GB:WEIR) ) has issued an announcement.
Weir Group reported a 4% year-on-year rise in first-quarter orders on a constant currency basis, supported by strong mine optimisation and expansion demand, and reiterated its 2026 guidance for growth in revenue, operating profit and margins. Original equipment orders edged up 1%, with Minerals slightly lower due to phasing and ESCO up 49% on exceptional mining bucket demand, while aftermarket orders grew 4% as recent acquisitions contributed 7 percentage points.
The company highlighted solid progress integrating Micromine, Fast2Mine, Townley and newly acquired ESEL, alongside realising £66m in cumulative savings from its Performance Excellence programme toward a £90m 2026 target. With robust mining activity, a growing large-project pipeline, and ongoing deleveraging after 2025’s deals and refinancing, Weir expects stronger second-half revenue and profit, cash conversion of 90–100%, and a return of net debt to its target leverage range by year-end 2026 despite geopolitical risks.
The most recent analyst rating on (GB:WEIR) stock is a Buy with a £4000.00 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 WEIR Stock
According to Spark, TipRanks’ AI Analyst, WEIR is a Neutral.
The score is led by improving profitability and a constructive earnings outlook with margin expansion guidance, but is held back by elevated leverage/cash-flow consistency concerns and weak near-term technicals. Valuation also looks demanding for the current risk profile.
To see Spark’s full report on WEIR stock, click here.
More about Weir Group plc (The)
The Weir Group is a mining technology and engineering company that supplies original equipment and aftermarket services to global mining and infrastructure markets. Through its Minerals and ESCO divisions, it provides pumps, mill circuit equipment, ground engaging tools and related software solutions, with a focus on debottlenecking, expansion projects and mine optimisation worldwide.
Average Trading Volume: 1,110,761
Technical Sentiment Signal: Buy
Current Market Cap: £7.12B
For detailed information about WEIR stock, go to TipRanks’ Stock Analysis page.