Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Weir Group (WEIR) shares are looking attractive at 2364p on technical grounds but with little support by way of book to price values. However, this share still has a faithfully bullish following with the majority of brokers still making the shares a strong buy.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
stuart elliott
Concur 100% with your Weir Group analysis. Very good. But why no mention of the dividend yield and the history of same?
Robert Sutherland Smith
Stuart Elliott asks why there is no dividend information on Weir Group shares? Partly a matter of deadline meeting and partly a matter of thinking it not significant enough. The running historic dividend payout of 38p produces a dividend yield of 1.5%. However it has grown strongly over recent years. The dividend payout is estimated to grow 10% and 11% this year and next tp produce estimated forward yields of 1.8% and 2%: well below the current FTSE 100 dividend yield of 3.65%