Matrix Asset Advisors Increased Its General Electric Co. (GE) Holding; 13 Analysts Bullish Meggitt PLC (LON:MGGT)

December 10, 2017 - By Richard Conner

Among 27 analysts covering Meggitt PLC (LON:MGGT), 13 have Buy rating, 5 Sell and 9 Hold. Therefore 48% are positive. Meggitt PLC had 211 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, March 20 the stock rating was maintained by Barclays Capital with “Overweight”. Bernstein maintained the shares of MGGT in report on Sunday, October 4 with “Market Perform” rating. The firm has “Hold” rating given on Wednesday, April 20 by Deutsche Bank. The company was maintained on Wednesday, February 24 by Barclays Capital. The company was maintained on Wednesday, October 28 by Morgan Stanley. The stock has “Buy” rating by Beaufort Securities on Wednesday, April 20. As per Friday, December 11, the company rating was downgraded by AlphaValue. The firm has “Buy” rating given on Wednesday, August 5 by Espirito Santo Execution. Raymond James maintained Meggitt PLC (LON:MGGT) rating on Tuesday, December 15. Raymond James has “Strong Buy” rating and GBX 550 target. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, April 20. See Meggitt PLC (LON:MGGT) latest ratings:

22/11/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 560.00 New Target: GBX 550.00 Maintain
15/11/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 570.00 New Target: GBX 560.00 Maintain
14/11/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 375.00 New Target: GBX 375.00 Maintain
24/10/2017 Broker: Credit Suisse Rating: Underperform Maintain
12/10/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 580.00 New Target: GBX 570.00 Maintain
02/10/2017 Broker: Liberum Capital Rating: Sell Old Target: GBX 375.00 New Target: GBX 375.00 Maintain
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

Matrix Asset Advisors Inc increased General Electric Co. (GE) stake by 880% reported in 2017Q2 SEC filing. Matrix Asset Advisors Inc acquired 318,841 shares as General Electric Co. (GE)’s stock declined 7.64%. The Matrix Asset Advisors Inc holds 355,073 shares with $9.59 million value, up from 36,232 last quarter. General Electric Co. now has $153.58B valuation. It closed at $17.71 lastly. It is down 4.46% since December 10, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. The company has market cap of 3.81 billion GBP. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group divisions. It has a 13.11 P/E ratio. The Meggitt Aircraft Braking Systems segment offers anti-skid, auto braking, brake-by-wire, and integrated brake metering/anti-skid brake control systems; carbon, rotor, electrically-actuated, and steel brakes; integrated tire pressure indicator systems/brake temperature monitoring systems; and landing gear computers, park/emergency valves, auto spoiler deployment, other braking system hydraulic components, main and nose wheels, and tire pressure monitoring systems.

The stock increased 0.06% or GBX 0.3 during the last trading session, reaching GBX 491.6. About 1.74M shares traded. Meggitt PLC (LON:MGGT) has 0.00% since December 10, 2016 and is . It has underperformed by 16.70% the S&P500.

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