Weir Group Lowering Estimates on Market Share Concerns in Pumps

Goldman Sachs maintains a Neutral rating on Weir Group but reduces its price target to 2,840p due to concerns over potential market share loss in the critical mining pumps segment following strong performance from competitor FLSmidth.

Key Takeaways

• 1.Goldman Sachs has lowered its 12-month price target for Weir Group to 2,840p from 3,050p, reflecting concerns over market share loss in Mining pumps.
• 2.Competitive pressure is increasing from FLSmidth, which reported a 16% growth in its PC&V segment compared to Weir's 3% decline in Minerals AM business during 1Q26.
• 3.Pumps are a critical high-margin, high-aftermarket product area for Weir, representing approximately 48% of its total sales.

Table of Contents

• Thesis in charts
• Benchmarking Weir vs Multi Industry
• Changes to estimates & GSe vs consensus
• Valuation & key risks
• Disclosure Appendix

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial