PICK OF THE DAY
Weir Group PLC WEIR:LSE BUY
Today we’ve picked the Weir Group Plc. as our pick of the day. Weir Group Plc is engaged in engineering businesses. It operates in three segments: Minerals, Oil and Gas, and Power and Industrial. The Minerals segment provides slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets.
The Oil & Gas segment provides products and service solutions to upstream, production, transportation, refining and related industries. The Power & Industrial segment designs and manufactures valves, pumps and turbines as well as providing specialist support services to the global power generation, industrial and oil and gas sectors.
The Company’s subsidiaries include American Hydro Corporation, EnviroTech Pumpsystems Inc, Gema Industrigummi AB, Linatex Rubber Products Sdn Bhd and Mesa Manufacturing Inc.
Source: FinancialTimes.com
FUNDAMENTALS AND TECHNICALS
Company Financials
|
Stock Price: 2,528 GBX |
Market Capitalization: £5.37bn |
|
52-week range: 2,034 – 2,566 GBX |
Shares outstanding: 213.16m |
|
P/E (TTM) : 18.76 |
Annual div (TTM) : 38.80 GBX |
|
EPS (TTM) : 1.34 GBP |
Annual div yield (TTM) : 1.65% |
Chart
Created using Sharescope Pro
Fundamental and Technical Analysis
Weir Group Plc. (WEIR:LSE) is trading at 2,528GBp, which is just off its new 52-week high set yesterday. The stock has been up 7.85% over this period. Weir Group Plc. has been rated a 8 out 10 in our Value/Growth rating and gets an A Grade rating on our Bullish Momentum meter.
The stock looks good in terms of technical analysis as it has been range trading for the entire last year and has now broken above recent highs. Volume has been elevated supporting the break higher and the MACD shows increased momentum behind the recent uptrend.
We’re looking to buy this stock at current levels, we will set a target of a 20% return over the next 2-4 months and we will also use the same percentage as our stop threshold.
FOR A FREE TRIAL TO ALPESH’S NEW SERVICE EXCLUSIVELY FOR SBM READERS – CLICK THE BANNER BELOW