Citi cuts target for Weir Group stock to GBp 3,050

Published on 10/13/2026 at 05:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached GBP 1.27 billion, up 6.20 percent year over year. Weir Group stock has a November 4, 2026 interim update.

Key points in brief

Citi cut Weir Group's target from GBp 3,200 to GBp 3,050 on October 9, 2026 while retaining a Buy rating.
First-half 2026 revenue reached GBP 1.27 billion, up 6.20 percent year over year, and net income rose 16.00 percent.
Jefferies maintained a Buy rating with a GBp 3,735 target in a report dated October 2, 2026.
The latest Lang & Schwarz quote was EUR 32.00 on October 12, 2026 at 11:00 p.m. CEST.

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Weir Group (ISIN GB0009465807) had its Citi target cut from GBp 3,200 to GBp 3,050 on October 9, 2026, while the bank retained its Buy rating. The move reduces the target by GBp 150, or 4.69 percent, and makes the latest analyst view more cautious on valuation.

Three dated catalysts with figures

On July 29, 2026, Weir reported first-half revenue of GBP 1.27 billion and net income of GBP 128.6 million, with net income up 16.00 percent from GBP 112.5 million in the comparable period. Markets Insider published those figures and the reporting period in its October 4, 2026 coverage.

The next dated market view came from Jefferies on October 2, 2026. According to Markets Insider, Andrew Douglas maintained a Buy rating and a GBp 3,735 target. On October 9, Brian Doffing received 5,851 restricted shares, with vesting split into 1,950 shares on March 31, 2027, 1,950 shares on March 31, 2028, and 1,951 shares on March 31, 2029, according to Investegate.

What does the target cut change?

Citi's revised GBp 3,050 target remains above its earlier GBp 3,200 level by a lower reference point, but the retained Buy rating keeps the analyst stance positive. For investors, the useful comparison is the 4.69 percent reduction itself, not a euro conversion between the target and the Lang & Schwarz quote.

Weir's first-half figures provide the operating counterweight. Revenue increased 6.20 percent year over year to GBP 1.27 billion, while net income rose 16.00 percent to GBP 128.6 million, giving the target revision a stronger earnings backdrop than a revenue-only update.

Next dates for Weir Group

Weir's investor page schedules a Q3 2026 interim management statement for November 4, 2026, after the July 29 half-year results. The October 9 share award notice sets March 31, 2027 as the first vesting date for 1,950 shares.

Last euro quote before the update

The last Lang & Schwarz quote stood at EUR 32.00 on October 12, 2026 at 11:00 p.m. CEST. The quote is dated before the October 13 publication date and is presented without a percentage comparison.

The further course of trading is shown by the continuously updated real-time quote of Weir Group stock.