Jefferies analyst Andrew Douglas maintained a Buy rating on Weir Group plc (The) (WEIR – Research Report) today and set a price target of p2,590.00.
Andrew Douglas has given his Buy rating due to a combination of factors that highlight Weir Group plc’s strong performance and promising outlook. The company’s first-quarter trading update for 2025 has been positively received, particularly due to the robust momentum in the Minerals division. This division’s aftermarket performance has been notably strong, and while the ESCO division remains stable, it aligns with industry expectations.
Management’s effective execution and the company’s ability to manage tariff impacts are further reasons for confidence in its future performance. Despite some surprise over the Micromine acquisition’s size and cost, the market has responded favorably, and the company’s overall health remains solid. The ongoing success of the Performance Excellence Programme, which supports significant cost savings targets, also contributes to the optimistic outlook, reinforcing the Buy recommendation.