JP Morgan Cazenove Keeps Meggitt PLC (LON:MGGT) As Overweight; Has Price Target Of GBX 540.00; Gamestop Has 1.07 Sentiment

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.86 billion. It sells new and pre-owned video game hardware; video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. It has a 5.34 P/E ratio. The firm also sells mobile and consumer electronics, including wireless services and products, and accessories, as well as new and pre-owned smart phones; personal computer entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and interactive game figures.

JP Morgan Cazenove have a GBX 540.00 target on the stock. The target means a potential upside of 11.95% from Meggitt PLC (LON:MGGT)‘s previous stock close. This rating was shown in a research report on 5 January.

The stock decreased 0.29% or GBX 1.4 during the last trading session, reaching GBX 483.4. About 334,166 shares traded. Meggitt PLC (LON:MGGT) has 0.00% since January 5, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 27 analysts covering Meggitt PLC (LON:MGGT), 13 have Buy rating, 5 Sell and 9 Hold. Therefore 48% are positive. Meggitt PLC has GBX 610 highest and GBX 325 lowest target. GBX 462.92’s average target is -4.24% below currents GBX 483.4 stock price. Meggitt PLC had 214 analyst reports since August 4, 2015 according to SRatingsIntel. UBS maintained the shares of MGGT in report on Monday, February 22 with “Neutral” rating. Liberum Capital maintained it with “Sell” rating and GBX 375 target in Tuesday, November 14 report. The company was maintained on Tuesday, June 28 by Goldman Sachs. The rating was maintained by Beaufort Securities on Wednesday, August 3 with “Buy”. JP Morgan maintained Meggitt PLC (LON:MGGT) rating on Friday, May 19. JP Morgan has “Neutral” rating and GBX 505 target. The firm has “Sell” rating by Panmure Gordon given on Wednesday, May 18. The stock of Meggitt PLC (LON:MGGT) earned “Market Perform” rating by Bernstein on Tuesday, December 1. The firm earned “Neutral” rating on Monday, September 21 by BNP Paribas. The stock of Meggitt PLC (LON:MGGT) earned “Overweight” rating by Barclays Capital on Wednesday, August 3. As per Thursday, December 1, the company rating was maintained by Goldman Sachs.

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 3.75 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 12.89 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.

Ratings analysis reveals 57% of GameStop’s analysts are positive. Out of 7 Wall Street analysts rating GameStop, 4 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20.67 while the high is $35.0. The stock’s average target of $29.11 is 58.90% above today’s ($18.32) share price. GME was included in 7 notes of analysts from November 2, 2016. Telsey Advisory maintained the stock with “Outperform” rating in Thursday, November 3 report. Macquarie Research downgraded the stock to “Neutral” rating in Friday, January 13 report. Benchmark maintained it with “Sell” rating and $20.67 target in Wednesday, November 2 report. Piper Jaffray downgraded GameStop Corp. (NYSE:GME) on Wednesday, November 2 to “Neutral” rating. The firm has “Buy” rating given on Thursday, December 29 by Standpoint Research. The stock of GameStop Corp. (NYSE:GME) has “Buy” rating given on Wednesday, December 7 by Loop Capital. Mizuho initiated the shares of GME in report on Friday, December 23 with “Buy” rating.

The stock increased 0.66% or $0.12 during the last trading session, reaching $18.32. About 2.78M shares traded. GameStop Corp. (GME) has declined 15.17% since January 5, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 EPS, down 15.55% or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.63M for 2.28 P/E if the $2.01 EPS becomes a reality. After $0.54 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22% EPS growth.

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