Investec cuts Meggitt's rating to 'add' from 'buy'
8th Mar 2016 10:29
(ShareCast News) - Meggitt's shares dipped on Tuesday after Investec cut its rating to 'add' from 'buy'. Investec said it changed its rating on the aerospace engineer's stock "given recent share price appreciation". The broker raised its target price to 440p from 420p, saying that management's acti
Read moreWednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
Read moreMeggitt downgraded as shares look expensive
24th Feb 2016 08:59
(ShareCast News) - JP Morgan Cazenove has downgraded Meggitt from 'neutral' to 'underweight' as the company looked too expensive. On Tuesday, the FTSE 250 aerospace and defence firm posted a small rise in 2015 pre-tax profit and lifted its dividend despite what it referred to as a challenging year.
Read moreFTSE 250 movers: Meggitt keeps index flying in the black
23rd Feb 2016 15:01
(ShareCast News) - In contrast to its older sibling, the FTSE 250 was in the black on Tuesday afternoon, up 16.35 points (0.10%) to 16,305.15. Meggitt led the pack after it posted a small rise in 2015 pre-tax profit and lifted its dividend despite what it referred to as a challenging year. For the
Read moreMeggitt's 2015 profit nudges up despite challenging year
23rd Feb 2016 09:03
(ShareCast News) - Meggitt posted a small rise in 2015 pre-tax profit and lifted its dividend despite what it referred to as a challenging year. For the year ended 31 December, the aerospace and defence firm said statutory pre-tax profit nudged up 1% to £210.2m from £208.9m in 2014, as revenue grew
Read moreMeggitt completes acquisition of EDAC composites division
21st Dec 2015 08:30
(ShareCast News) - Meggitt has completed the $340m (£228m) acquisition of the composites division of EDAC after receiving the customary US regulatory approvals. The aerospace and engineering group said the acquired businesses will be integrated into its polymers and composites division. Chief execu
Read moreBroker tips: Glencore, SuperGroup, Meggitt
15th Dec 2015 13:59
(ShareCast News) - Glencore got a boost after JPMorgan Cazenove upgraded it to 'overweight' from 'neutral' with an unchanged price target of 160p, as it pitched the stock against rival Anglo American. It pointed out that Glencore and Anglo American provided strategy updates last week. "In our view,
Read moreMeggitt upgraded to buy on aerospace growth drivers
15th Dec 2015 08:41
(ShareCast News) - Meggitt has been upgraded by Berenberg from 'hold' to 'buy', saying the company is well positioned to benefit from strong growth drivers in its civil aerospace markets. It comes after the FTSE 100 company, which is due to join the FTSE 250 next week, issued a profit warning in Oct
Read moreMeggitt's revenue growth to be minimal in 2016
7th Dec 2015 07:05
(ShareCast News) - FTSE 100 engineering company Meggitt has revealed it expects full year 2016 organic growth to be in the "low-single-digits", continuing on from this year's second half weakness. The company said updated the market on the short and medium term trends, as well as providing guidance
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreMorrisons, G4S, Meggitt set for demotion in FTSE reshuffle
30th Nov 2015 11:21
(ShareCast News) - Morrisons, G4S and Meggitt look set to lose their spots in the FTSE 100 on Wednesday, with Worldpay, Provident Financial and DCC likely to replace them. The FTSE committee will reveal the results of its quarterly index on Wednesday, with changes effective from 21 December. Aerosp
Read moreDefence stocks fired up by European security spending hopes
17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
Read moreMeggitt's Securaplane Technologies wins contract with Gulfstream
16th Nov 2015 07:08
(ShareCast News) - Meggitt's wholly-owned subsidiary, Securaplane Technologies, has been selected by Gulfstream to provide high definition cameras for the G650 aircraft. The aerospace and defence engineer said Securaplane and Gulfstream have entered into a multi-million dollar contract for a system
Read moreFTSE 100 movers: Standard Chartered results drive market down
3rd Nov 2015 13:22
(ShareCast News) - The FTSE 100 had a rollercoaster start to the day on Tuesday, but was down 12.29 points (0.19%) by mid-afternoon to 6,349.51. The biggest faller was Standard Chartered after it posted a disappointing set of third quarter results. The bank said they were hit by challenging market c
Read moreBroker tips: Meggitt, Tullett Prebon, Housebuilders
3rd Nov 2015 12:59
(ShareCast News) - Aerospace and defence engineer Meggitt rallied after Barclays reiterated its 'overweight' rating on the shares, saying the stock was "too cheap to ignore". Meggitt's shares plunged last week after warning that full-year profits will miss its £369m forecast, due to fewer contracts
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