Meggitt Forum

Beaufort's note on Meggitt is up on Research Tree, it's available for free: "Meggitt continues to build on its existing ties with the Canadian Armed Forces, given it has received another contract. The target systems to be manufactured include the advanced, unmanned Hammerhead surface system, which can form part of a swarm threat simulation of up to 16 vessels, and Vindicator, an aerial target that can present the appearance of various aircraft profiles to radar, for naval weapons development and personnel training. Recently, Meggitt reported its Q1 2016 trading updates, which were in line with expectations. The company remains on track with regard to cost-cutting plans. Meggitt is likely to benefit from a stronger US dollar and the two composite acquisitions completed towards the end of 2015. The company has undertaken initiatives to improve R&D investments and acquire new platforms, aimed at long-term revenue growth. In addition, the deployment of the Meggitt Production System has resulted in several tangible improvements in many operational and customer satisfaction metrics. Meggitt's high focus..."

Panmure Gordon reiterated their buy rating on shares of Meggitt plc (LON:MGGT) in a research report released on Wednesday morning, Market Beat Ratings reports. Panmure Gordon currently has a GBX 646 ($10.02) price objective on the stock. A number of other analysts have also recently weighed in on MGGT. Analysts at Barclays reiterated an overweight rating on shares of Meggitt plc in a research note on Monday. Analysts at RBC Capital reiterated an outperform rating and set a GBX 640 ($9.92) price target on shares of Meggitt plc in a research note on Thursday, July 9th. Analysts at Espirito Santo Investment Bank Research reiterated a buy rating and set a GBX 550 ($8.53) price target on shares of Meggitt plc in a research note on Thursday, July 9th. Analysts at Investec reiterated a buy rating and set a GBX 600 ($9.30) price target on shares of Meggitt plc in a research note on Thursday, July 2nd. Finally, analysts at AlphaValue reiterated a buy rating and set a GBX 574 ($8.90) price target on shares of Meggitt plc in a research note on Thursday, July 2nd

MGGT has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform” rating and set a GBX 640 ($9.99) price target on shares of Meggitt plc in a research note on Monday. Analysts at Panmure Gordon reiterated a “buy” rating and set a GBX 646 ($10.08) price target on shares of Meggitt plc in a research note on Wednesday, July 15th. Analysts at Barclays reiterated an “overweight” rating on shares of Meggitt plc in a research note on Monday, July 13th. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating and set a GBX 550 ($8.58) price target on shares of Meggitt plc in a research note on Thursday, July 9th. Finally, analysts at Investec reiterated a “buy” rating and set a GBX 600 ($9.36) price target on shares of Meggitt plc in a research note on Thursday, July 2nd.

Meggitt plc (LON:MGGT)‘s stock had its “outperform” rating reissued by RBC Capital in a research note issued on Monday, MarketBeat reports. They currently have a GBX 640 ($9.99) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 31.47% from the stock’s previous close.

Meggitt plc (LON:MGGT)‘s stock had its “BUY” rating reiterated by research analysts at Bank of America in a report released on Monday. They currently have a GBX 621 ($9.42) target price on the stock. Bank of America’s price target would indicate a potential upside of 13.42% from the company’s current price.

LONDON--Meggitt PLC (MGGT.LN) said Thursday that trading in the first quarter was in line with expectations, with 4% growth in group organic revenue, before acquisitions, disposals and foreign-exchange effects. The aerospace and defense components company said organic revenue in civil original equipment and civil after market grew at mid-single digit rates, broadly consistent with expectations. Organic revenue growth in the military division was stronger than expected, partially offset by a decline in its energy division.

Equities researchers at Goldman Sachs upped their target price on shares of Meggitt plc (LON:MGGT) from GBX 573 ($8.38) to GBX 592 ($8.66) in a research report issued on Friday. The firm currently has a “BUY” rating on the stock. Goldman Sachs’ target price points to a potential upside of 9.53% from the stock’s previous close.

Meggitt Shares in Meggitt (LSE: MGGT) are now back to their 2014 high, when the company was rumoured to be a bid target for US rival, United Technologies Corp. Of course, the bid did not materialise and Meggitt’s share price tumbled, with a profit warning also causing its value to decline as investors doubted the company’s ability to turn its fortunes around. However, Meggitt seems to be doing just that, with its bottom line expected to rise by an impressive 17% this year, followed by a further 8% next year. And, with it trading on a P/E ratio of 15, this equates to a price to earnings growth (PEG) ratio of just 0.9, which indicates that Meggitt’s shares could reach higher highs during the course of the year.

Defence sector on the mend Aerospace giant Meggitt’s (LSE: MGGT) full-year results today underlined the difficulties seen in critical defence markets in recent times. The business saw revenues slip 5% during 2014, to £1.5bn, a result that saw pre-tax profit slump 13% to £328.7m. Still, Meggitt’s release underlined the recovery in arms demand, with military sales coming in flat for the second half but marking a terrific improvement from the 13% decline punched during the previous six months. Indeed, the firm noted that defence…

Meggitt Engineering play Meggitt (LSE: MGGT) is in great shape to reap the rewards of improving conditions in its key markets, in my opinion. Not only is the business set to benefit from critical Western nations boosting defence spend, but accelerating civil passenger numbers should also underpin a steady flow of aeroplane orders in the years ahead. The defence play recorded a rare earnings dip last year as constraints on military budgets weighed on sales. But this is expected to represent a mere blip in the Meggitt growth story, and the Christchurch firm is expected to clock up growth of 7% in both 2015 and 2016. Consequently the company deals on a P/E multiple of 15.1 times for this year, and which falls to a mere 14.2 times for 2016. With the company chucking record amounts at R&D, and the order book ticking steadily higher — this rose 9% last year alone — I expect Meggitt to record solid earnings expansion well beyond next year.