Meggitt plc (MGGT) Price Target Raised to GBX 535
Meggitt plc (LON:MGGT) had its price objective lifted by analysts at Barclays PLC from GBX 520 ($6.50) to GBX 535 ($6.68) in a report issued on Wednesday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price indicates a potential upside of 15.58% from the stock’s current price.
A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 470 ($5.87) target price on shares of Meggitt plc in a report on Monday. Beaufort Securities reiterated a “buy” rating on shares of Meggitt plc in a report on Thursday, October 27th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 370 ($4.62) price objective on shares of Meggitt plc in a report on Thursday, October 13th. Panmure Gordon reiterated a “sell” rating and set a GBX 325 ($4.06) price objective on shares of Meggitt plc in a report on Friday, October 7th. Finally, Credit Suisse Group AG reiterated an “underperform” rating on shares of Meggitt plc in a report on Monday, October 3rd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Meggitt plc currently has a consensus rating of “Hold” and a consensus target price of GBX 435.74 ($5.44).
Shares of Meggitt plc (LON:MGGT) opened at 464.10 on Wednesday. Meggitt plc has a 12 month low of GBX 342.40 and a 12 month high of GBX 485.10. The stock’s market cap is GBX 3.59 billion. The stock has a 50 day moving average price of GBX 447.32 and a 200 day moving average price of GBX 428.15.
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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