Weir Group plc (The), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Andrew Douglas from Jefferies reiterated a Buy rating on the stock and has a p3,010.00 price target.
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Andrew Douglas has given his Buy rating due to a combination of factors including Weir Group’s solid financial performance and positive outlook. The company reported healthy interim results for the first half of 2025, with earnings before interest, taxes, and amortization (EBITA) aligning with expectations and earnings per share (EPS) slightly exceeding them. Despite sales being 5% below consensus, the company’s EBITA margin guidance has been raised, indicating strong operational efficiency.
Furthermore, management’s confident narrative and the company’s robust equity story contribute to the positive sentiment. Although the order numbers were slightly below expectations, the overall outlook remains promising, with strong performance in the Minerals division. While there are no immediate catalysts expected to drive the stock significantly higher, the company’s solid fundamentals and strategic direction support the Buy rating.
Douglas covers the Industrials sector, focusing on stocks such as Bodycote, IMI plc, and RHI Magnesita NV. According to TipRanks, Douglas has an average return of 5.8% and a 56.46% success rate on recommended stocks.
In another report released on July 29, Kepler Capital also maintained a Buy rating on the stock with a p2,700.00 price target.