Are Analysts Bullish about Meggitt plc (LON:MGGT) after last week?

September 14, 2017 - By Henry Gaston

 Are Analysts Bullish about Meggitt plc (LON:MGGT) after last week?

Meggitt plc (LON:MGGT) Ratings Coverage

Among 27 analysts covering Meggitt PLC (LON:MGGT), 13 have Buy rating, 5 Sell and 9 Hold. Therefore 48% are positive. Meggitt PLC had 205 analyst reports since August 4, 2015 according to SRatingsIntel. AlphaValue maintained the stock with “Buy” rating in Thursday, July 23 report. The rating was maintained by Deutsche Bank on Wednesday, August 2 with “Hold”. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, December 6. JP Morgan maintained the stock with “Underweight” rating in Wednesday, August 3 report. The firm has “Market Perform” rating given on Monday, January 4 by Bernstein. AlphaValue maintained Meggitt plc (LON:MGGT) on Thursday, December 24 with “Add” rating. The rating was downgraded by Berenberg on Monday, August 8 to “Hold”. The stock of Meggitt plc (LON:MGGT) earned “Hold” rating by Berenberg on Friday, March 10. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, February 24 report. On Friday, October 7 the stock rating was maintained by Panmure Gordon with “Sell”. Below is a list of Meggitt plc (LON:MGGT) latest ratings and price target changes.

31/08/2017 Broker: Deutsche Bank Rating: Hold Old Target: GBX 450.00 New Target: GBX 460.00 Maintain
23/08/2017 Broker: JP Morgan Rating: Buy Old Target: GBX 500.00 New Target: GBX 600.00 Maintain
23/08/2017 Broker: Jefferies Rating: Buy Old Target: GBX 500.00 New Target: GBX 600.00 Upgrade
07/08/2017 Broker: Barclays Capital Rating: Overweight Old Target: GBX 540.00 New Target: GBX 540.00 Maintain
04/08/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 375.00 New Target: GBX 375.00 Maintain
02/08/2017 Broker: Deutsche Bank Rating: Hold Old Target: GBX 460.00 New Target: GBX 450.00 Maintain
01/08/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 375.00 New Target: GBX 375.00 Maintain
24/07/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 575.00 New Target: GBX 575.00 Maintain
18/07/2017 Broker: Barclays Capital Rating: Overweight Maintain
07/07/2017 Broker: Deutsche Bank Rating: Hold Old Target: GBX 456.00 New Target: GBX 456.00 Maintain

The stock decreased 1.04% or GBX 5.29 on September 14, reaching GBX 502.16. About 1.16M shares traded or 2.65% up from the average. Meggitt plc (LON:MGGT) has 0.00% since September 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Meggitt PLC is an engineering company. The company has market cap of 3.90 billion GBP. The Firm creates and makes high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. It has a 13.41 P/E ratio. The Company’s divisions are Meggitt Aircraft Braking Systems , Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).

More news for Meggitt plc (LON:MGGT) were recently published by: Seekingalpha.com, which released: “Meggitt’s (MEGGF) CEO Stephen Young on Q2 2017 Results – Earnings Call Transcript” on August 01, 2017. Prnewswire.com‘s article titled: “Lincoln International Represents Meggitt PLC in the Sale of Industrial Sensing …” and published on August 08, 2017 is yet another important article.

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