Meggitt plc (MGGT) Price Target Raised to GBX 470 at JPMorgan Chase & Co.
Meggitt plc (LON:MGGT) had its price objective increased by JPMorgan Chase & Co. from GBX 445 ($5.51) to GBX 470 ($5.82) in a report published on Monday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities research analysts have also recently commented on MGGT. Morgan Stanley increased their target price on shares of Meggitt plc from GBX 435 ($5.38) to GBX 450 ($5.57) and gave the company an equal weight rating in a research report on Thursday, August 4th. Panmure Gordon reissued a sell rating on shares of Meggitt plc in a research report on Wednesday, August 3rd. Societe Generale reissued a hold rating and set a GBX 438 ($5.42) target price on shares of Meggitt plc in a research report on Wednesday, August 3rd. Deutsche Bank AG decreased their target price on shares of Meggitt plc from GBX 376 ($4.65) to GBX 370 ($4.58) and set a hold rating for the company in a research report on Wednesday, August 3rd. Finally, Beaufort Securities reissued a buy rating on shares of Meggitt plc in a research report 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 issued a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 434.95 ($5.38).
Meggitt plc (LON:MGGT) opened at 461.40 on Monday. Meggitt plc has a 52 week low of GBX 337.60 and a 52 week high of GBX 498.40. The stock’s market cap is GBX 3.57 billion. The stock’s 50 day moving average is GBX 465.56 and its 200 day moving average is GBX 421.09.
The business also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were issued a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
Meggitt plc Company Profile
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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