|Bid||2,275.00 x 74700|
|Ask||2,281.00 x 77700|
|Day's Range||2,269.00 - 2,283.00|
|52 Week Range||1,697.00 - 2,326.00|
|PE Ratio (TTM)||31.12|
|Forward Dividend & Yield||0.58 (2.78%)|
|1y Target Est||N/A|
Weir shares rose as much as 6.6 percent to 2,258 pence on the news. ESCO shareholders will receive 59 percent of the deal value in cash, the remainder in new Weir shares. Weir plans to place about 16.7 million shares, or about 7.4 percent of its share capital, to partly fund the deal.
jumped after the pumpmaker announced the acquisition of ESCO, a privately owned surface-mining tools specialist, for $1bn and said it intended to dispose of its non-core Flow Control division. To help fund the ESCO purchase Weir also launched a placing of new shares equivalent to 7.4 per cent of its market capitalisation. “We see the redeployment of capital as a positive for the stock and should help lift margins for the group,” said JPMorgan Cazenove.
Weir has announced plans to buy Esco of the US in a $1.3bn tie-up aimed at bolstering its business in minerals and fuel extraction. The UK engineering group has agreed to pay $1.05bn for Esco’s equity ...
Investors who want to cash in on The Weir Group PLC’s (LSE:WEIR) upcoming dividend of £0.29 per share have only 6 days left to buy the shares before its ex-dividendRead More...
Weir Group Plc, which makes pumps and valves for mining and energy industries, said it would buy U.S.-based ESCO Corp, a maker of mining equipment parts, for an equity value of $1.05 billion. The deal is expected to add to earnings per share in the first full year post completion, expected in early third quarter, Weir said. Weir also said it would start a process to sell its flow control division, which designs and manufactures process pumps and valves for use in power, oil and gas industries.
Weir Group Plc plans to acquire U.S. competitor Esco Corp. at an enterprise value of $1.29 billion as the U.K. industrial-pumps maker adds to its mining-equipment product line in a revamp. The purchase will lead to $30 million in cost savings and help earnings starting in the first year of Esco’s takeover, Glasgow-based Weir said Thursday in a statement. “We are acquiring a high quality business at the right time, with the market in the early stages of its recovery, providing opportunities for long-term growth,” Chief Executive Officer Jon Stanton said in the statement.
Weir Group Plc plans to acquire U.S. competitor Esco Corp. as the U.K. maker of industrial pumps strengthens its focus on the mining industry in a $1.29 billion deal including debt.
European markets were mixed on Thursday morning, as soaring oil prices triggered a broader rally across commodities.
Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.
The world’s largest sovereign wealth fund is backing a proposal by UK engineering company Weir Group to drop a controversial bonus scheme, in the hope of encouraging other companies to do the same. Norway’s ...
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Head of TalkTalk ultrafast broadband joins Virgin Media ...
In December 2017, The Weir Group PLC (LSE:WEIR) released its most recent earnings update. Generally, analyst consensus outlook appear cautiously optimistic, as a 37.29% increase in profits is expected inRead More...
The company's operating profit rose 36.4 percent to 292 million pounds for the year ended Dec. 31. Analysts on average had expected an operating profit of 273.68 million pounds, according to Thomson Reuters I/B/E/S. Orders in the oil and gas business rose to 732 million pounds from 438 million pounds, with North America orders increasing 82 percent.
In this article I am going to calculate the intrinsic value of The Weir Group PLC (LSE:WEIR) using the discounted cash flows (DCF) model. If you want to learn moreRead More...
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. The Weir Group PLC (LSE:WEIR) has returned to shareholders overRead More...
The Weir Group PLC (LSE:WEIR) trades with a trailing P/E of 75.2x, which is higher than the industry average of 22.5x. Although some investors may jump to the conclusion thatRead More...
The Weir Group PLC (LSE:WEIR), a machinery company based in United Kingdom, saw a decent share price growth in the teens level on the LSE over the last few months.Read More...
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for The Weir Group Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as The Weir Group PLC (LSE:WEIR) with a market-capitalization of £4.40B, rarely draw their attention and few analystsRead More...
Categories: Europe Value Analsysis Yahoo FinanceClick here to see latest analysis Capitalcube gives The Weir Group Plc a score of 28. Our analysis is based on comparing The Weir Group Plc with the following peers – Spirax-Sarco Engineering PLC, Rotork plc, Fenner PLC and IMI plc (SPX-GB, ROR-GB, FENR-GB and IMI-GB). Investment Outlook The Weir Group Plc has a fundamental ... Read more (Read more...)
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for The Weir Group Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)