The stock of Meggitt plc (LON:MGGT) is a huge mover today! The stock increased 2.31% or GBX 10.37 on November 10, hitting GBX 459.17. About 2.46 million shares traded hands or 12.84% up from the average. Meggitt plc (LON:MGGT) has risen 16.69% since April 12, 2016 and is uptrending. It has outperformed by 11.04% the S&P500.
The move comes after 6 months positive chart setup for the GBX 3.56B company. It was reported on Nov, 10 by Barchart.com. We have GBX 569.37 PT which if reached, will make LON:MGGT worth GBX 854.40 million more.
Meggitt plc (LON:MGGT) Ratings Coverage
Out of 26 analysts covering Meggitt PLC (LON:MGGT), 10 rate it a “Buy”, 4 “Sell”, while 12 “Hold”. This means 38% are positive. Meggitt PLC has been the topic of 160 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 20 by BESI Research. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. The rating was maintained by Credit Suisse on Monday, October 3 with “Underperform”. The stock has “Buy” rating given by Haitong on Tuesday, March 8. JP Morgan maintained Meggitt plc (LON:MGGT) on Monday, October 10 with “Neutral” rating. As per Monday, February 1, the company rating was maintained by Liberum Capital. The firm earned “Overweight” rating on Tuesday, March 29 by Barclays Capital. As per Tuesday, December 8, the company rating was maintained by JP Morgan. The rating was downgraded by Investec to “Add” on Tuesday, March 8. The company was maintained on Friday, February 26 by Bernstein.
Another recent and important Meggitt plc (LON:MGGT) news was published by Fool.Co.Uk which published an article titled: “Are Meggitt plc, BT Group plc And Glencore PLC At Risk Of Major Corrections?” on April 19, 2016.
Meggitt PLC is an engineering company. The company has a market cap of 3.56 billion GBP. The Company’s divisions are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. It has a 29.26 P/E ratio. The Company’s Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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