Deutsche Bank AG reaffirmed their hold rating on shares of Meggitt plc (LON:MGGT) in a research report released on Thursday morning. They currently have a GBX 370 ($4.58) target price on the stock.

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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