Meggitt plc (MGGT) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Meggitt plc (LON:MGGT)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They currently have a GBX 470 ($5.87) price objective on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 1.53% from the company’s previous close.
MGGT has been the topic of a number of other research reports. Liberum Capital reissued a “hold” rating and set a GBX 390 ($4.87) price target on shares of Meggitt plc in a research report on Tuesday, August 2nd. Canaccord Genuity upped their target price on Meggitt plc from GBX 368 ($4.60) to GBX 370 ($4.62) and gave the company a “sell” rating in a research report on Tuesday, August 9th. Panmure Gordon reaffirmed a “sell” rating and issued a GBX 325 ($4.06) target price on shares of Meggitt plc in a research report on Friday, October 7th. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Meggitt plc in a research report on Monday, October 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 520 ($6.50) target price on shares of Meggitt plc in a research report on Thursday, October 20th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 434.95 ($5.43).
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.
Receive News & Stock Ratings for Meggitt plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt plc and related stocks with our FREE daily email newsletter.