London, Jan 25, 2026, 09:31 GMT — The market has closed.
- After a strong rally that brought it near its 52-week peak, Weir slipped 1% in the final session
- Davy downgraded the stock to “Neutral” but raised its price target to 30 pounds
- Weir’s full-year results webcast on March 4 is the next major event investors are watching.
Weir Group shares slipped late in the week following a downgrade from Davy, which pointed to a less favorable risk-reward profile after a sharp run-up. (Davy)
The pullback is notable as Weir has been hovering near the peak of its one-year trading range, with its momentum grabbing attention. A weaker close could trigger profit-taking before the upcoming earnings report. (London Stock Exchange)
The market’s left with a straightforward picture for now: shares have surged, a broker has raised caution, and the next demand update is due in early March. (Global)
Weir ended Friday at 3,178 pence, slipping 32 pence, or roughly 1%, from Thursday’s 3,210 pence close, market data shows. Its 52-week trading band stretches from 1,875 pence up to 3,230 pence. (Investing)
On Friday, Davy downgraded Weir from “Outperform” to “Neutral” but lifted its price target to £30. Analyst Colin Grant noted the “angle of appreciation is steepening” and flagged rising “near term risks,” though he maintained a bullish long-term outlook on the end markets. (Davy)
Within Davy’s system, a “Neutral” rating signals that the shares are expected to track the sector’s performance over the next 12 months, not outperform it. (Davy)
Weir, known for its mining technology and equipment, has ramped up focus on growth areas linked to mine productivity and efficiency, which has underpinned its rerating. Investors are now quick to react to any signs that orders or pricing might be slowing. (Davy)
Still, caution is warranted. The shares have surged quickly, leaving little margin for slip-ups. A slowdown in demand, squeezed margins, or a cautious shift in guidance could now weigh more heavily on the stock than it might have just months ago. (Davy)
Company news has been sparse lately, pushing broker calls into the spotlight. Earlier this month, Weir announced it had signed a shareholders’ agreement to form a joint venture with Olayan Saudi Holding Company. The new venture is expected to be up and running by the end of Q1 2026. (Global)
London markets were closed on Sunday, putting the spotlight on Monday’s reopening to see if buyers step in on dips following the pause triggered by the downgrade. (Investing)
Traders are eyeing March 4 next, when Weir will webcast its full-year 2025 results at 0800 GMT. The market will be tuning in closely for shifts in mining market sentiment, order flow updates, and any revised guidance. (Global)
