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

July 18, 2017 - By wolcottdaily

 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), 12 have Buy rating, 5 Sell and 10 Hold. Therefore 44% are positive. Meggitt PLC has GBX 610 highest and GBX 325 lowest target. GBX 460.16’s average target is -6.59% below currents GBX 492.6 stock price. Meggitt PLC had 197 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, April 12 by Bank of America. As per Monday, December 21, the company rating was maintained by RBC Capital Markets. The stock of Meggitt plc (LON:MGGT) earned “Buy” rating by Espirito Santo Execution on Wednesday, August 5. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 19. The firm earned “Hold” rating on Wednesday, August 3 by Societe Generale. Beaufort Securities maintained the shares of MGGT in report on Wednesday, August 3 with “Buy” rating. The rating was maintained by Liberum Capital on Wednesday, November 25 with “Hold”. Raymond James maintained Meggitt plc (LON:MGGT) on Tuesday, December 15 with “Strong Buy” rating. Bernstein maintained the shares of MGGT in report on Wednesday, September 2 with “Market Perform” rating. As per Wednesday, April 20, the company rating was maintained by Beaufort Securities. Below is a list of Meggitt plc (LON:MGGT) latest ratings and price target changes.

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
05/07/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 505.00 New Target: GBX 575.00 Upgrade
22/06/2017 Broker: Goldman Sachs Rating: Neutral New Target: GBX 457.00 Maintain
15/06/2017 Broker: Deutsche Bank Rating: Hold Old Target: GBX 456.00 New Target: GBX 456.00 Maintain
19/05/2017 Broker: JP Morgan Rating: Neutral Old Target: GBX 500.00 New Target: GBX 505.00 Maintain
18/05/2017 Broker: Deutsche Bank Rating: Hold Old Target: GBX 470.00 New Target: GBX 456.00 Maintain
17/05/2017 Broker: Citigroup Rating: Neutral Maintain
12/05/2017 Broker: Citigroup Rating: Neutral Old Target: GBX 500.00 New Target: GBX 500.00 Maintain
03/05/2017 Broker: Barclays Capital Rating: Overweight Maintain

About 254,257 shares traded. Meggitt plc (LON:MGGT) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Meggitt PLC is an engineering company. The company has market cap of 3.82 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 22.61 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 recent Meggitt plc (LON:MGGT) news were published by: Fool.Co.Uk which released: “What QinetiQ Group plc’s deal with Meggitt plc means for shareholders” on December 21, 2016. Also Seekingalpha.com published the news titled: “Meggitt’s (MEGGF) CEO Stephen Young on Q4 2016 Results – Earnings Call Transcript” on February 28, 2017. Ft.com‘s news article titled: “Meggitt bounces on turnround hopes and US defence budget boost” with publication date: February 28, 2017 was also an interesting one.

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