UBS sets 3,250 pence target for Weir Group stock

Published on 10/18/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS targets 3,250 pence on October 14, 2026. First-half 2026 revenue for Weir Group stock was GBP 1.27 billion.

UBS outlook and Weir milestones

UBS assigned a 3,250 pence target to Weir Group on October 14, 2026.
First-half 2026 revenue reached GBP 1.27 billion, up 6.20 percent year over year.
The next interim management statement is scheduled for November 4, 2026.

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Weir Group stock is the latest European capital-goods pick in a UBS note dated October 14, 2026, which assigned the mining-equipment maker a 3,250 pence price target and a Buy rating. According to Yahoo Finance, UBS expects Weir's third-quarter organic growth to reach 8 percent, with potential for double-digit growth.

Half-year figures set the base

The latest reported operating picture came from the first half of 2026. Revenue reached GBP 1.27 billion, up 6.20 percent from the first half of 2025, while net income rose 16 percent to GBP 128.6 million. Adjusted earnings per share increased to GBP 0.50 from GBP 0.43. These figures are reported by Simply Wall St.

Three milestones shape the story

Weir reported fiscal-year 2025 revenue of GBP 2.56 billion on March 5, 2026, according to Simply Wall St. On July 29, 2026, first-half revenue reached GBP 1.27 billion, before UBS set its 3,250 pence target on October 14, 2026.

What does the target mean?

The target places third-quarter execution at the center of the investment case. UBS linked its 8 percent organic-growth forecast to easier comparisons in Minerals, two high-pressure grinding-roll orders and an expected contribution from Micromine.

Next date for investors

Weir's investor-relations page lists November 4, 2026, for the third-quarter 2026 interim management statement and an 8:00 a.m. GMT call. The company operates through Minerals and ESCO, serving mining and other industrial customers with engineered equipment and services.

Stock context stays event-driven

The UBS target gives the stock a clear near-term test: the November update must show whether order growth is converting into the forecast organic expansion. The next scheduled company event is the November 4, 2026 interim management statement.

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