Meggitt plc’s (MGGT) Underperform Rating Reiterated at Credit Suisse Group AG
Meggitt plc (LON:MGGT)‘s stock had its “underperform” rating restated by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday.
Other equities analysts have also issued reports about the stock. Canaccord Genuity boosted their target price on shares of Meggitt plc from GBX 368 ($4.80) to GBX 370 ($4.83) and gave the company a “sell” rating in a report on Tuesday, August 9th. Panmure Gordon reissued a “sell” rating on shares of Meggitt plc in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of Meggitt plc from GBX 385 ($5.03) to GBX 395 ($5.16) and gave the company an “underweight” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG reduced their price target on shares of Meggitt plc from GBX 376 ($4.91) to GBX 370 ($4.83) and set a “hold” rating on the stock in a research note on Wednesday, August 3rd. Finally, Societe Generale reissued a “hold” rating and issued a GBX 438 ($5.72) price target on shares of Meggitt plc in a research note on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Meggitt plc presently has an average rating of “Hold” and a consensus target price of GBX 433.63 ($5.66).
Shares of Meggitt plc (LON:MGGT) opened at 458.00 on Monday. The firm has a 50-day moving average of GBX 464.32 and a 200 day moving average of GBX 418.56. The firm’s market capitalization is GBX 3.55 billion. Meggitt plc has a 52 week low of GBX 337.60 and a 52 week high of GBX 498.40.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were paid a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 1.14%.
About Meggitt plc
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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