Meggitt plc’s (MGGT) “Hold” Rating Reaffirmed at Deutsche Bank AG
Several other analysts have also issued reports on MGGT. Morgan Stanley increased their target price on Meggitt plc from GBX 435 ($5.38) to GBX 450 ($5.57) and gave the stock an equal weight rating in a report on Thursday, August 4th. Panmure Gordon reissued a sell rating on shares of Meggitt plc in a 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 report on Wednesday, August 3rd. Beaufort Securities reissued a buy rating on shares of Meggitt plc in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG increased their target price on Meggitt plc from GBX 375 ($4.64) to GBX 390 ($4.83) and gave the stock an underperform rating in a report on Wednesday, August 3rd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 434.95 ($5.38).
Shares of Meggitt plc (LON:MGGT) traded up 1.42% during mid-day trading on Thursday, reaching GBX 452.15. The company’s stock had a trading volume of 596,539 shares. Meggitt plc has a 12 month low of GBX 337.60 and a 12 month high of GBX 489.00. The firm’s market cap is GBX 3.50 billion. The company has a 50-day moving average of GBX 464.51 and a 200-day moving average of GBX 421.59.
The business also recently disclosed a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were paid a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a dividend yield of 1.14%.
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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