Weir Group sees JPMorgan price target lift, shares stay in FTSE focus

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 14:17.

Weir Group (GB0009633180) sits on an updated price target from JPMorgan, which lifted its view to 3,800 pence from 3,500 pence while keeping an overweight rating, according to a note summarized by Scottish Widows on Wednesday.JPMorgan lift as reported by Scottish Widows The London?listed engineer remains part of the FTSE 250 and is closely watched as a supplier to global mining names such as Rio Tinto and BHP.

What JPMorgan now expects

In the updated research, JPMorgan raised its Weir Group price target by around 8.6 percent to 3,800 pence, citing what it calls an attractive entry point despite concerns around the first half of the year.Scottish Widows summary of JPMorgan note The bank reiterated its overweight rating, signaling that it continues to expect the shares to outperform the broader London engineering peer group.

Scottish Widows reports that at 12:47 BST on Wednesday Weir shares were up 1.9 percent at 2,400 pence on the London Stock Exchange after the target lift.Intraday price indication from Scottish Widows The new target, if reached, would imply potential upside of roughly 58 percent from that intraday level, underlining the constructive stance of the U.S. bank.

Consensus view on the FTSE engineer

Market data aggregators such as MarketScreener show a predominantly positive analyst stance on Weir Group, with a majority of covering houses rating the stock as buy or outperform and only a small minority on hold.MarketScreener consensus overview The average 12?month price target in these compilations typically sits meaningfully above the current share price region.

Alongside JPMorgan, other large banks such as UBS and Barclays follow the stock and factor in Weir’s exposure to aftermarket demand from miners and oil & gas operators, which tends to be more resilient than greenfield capital spending.Analyst coverage list on MarketScreener For investors in UK mid?caps and the FTSE 250, Weir therefore remains a key cyclical play on global resource investment.

The product behind the stock

Weir Group generates most of its revenue from engineered equipment and aftermarket services for mining, with a particular focus on slurry pumps and comminution solutions sold under the Weir Minerals brand.Weir Minerals business overview These products are installed at copper, iron ore and gold mines worldwide and are designed to handle abrasive slurries and high?throughput processing lines.

Where the stock trades today

Weir Group shares (GB0009633180) last traded on the London Stock Exchange on 2026-06-25 at around 2,400 pence, based on the most recent indicative data from UK market reports, with the company’s listing included in the FTSE 250 index.London Stock Exchange quote page

This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any financial instrument. Investors should conduct their own research and, where appropriate, seek professional advice before making investment decisions.