Meggitt plc (MGGT) Price Target Lowered to GBX 465 at JPMorgan Chase & Co.
Meggitt plc (LON:MGGT) had its price objective reduced by JPMorgan Chase & Co. from GBX 470 ($5.87) to GBX 465 ($5.81) in a research note issued to investors on Wednesday morning. They currently have a neutral rating on the stock.
Several other research firms have also recently commented on MGGT. Beaufort Securities reiterated a buy rating on shares of Meggitt plc in a research note on Wednesday, August 3rd. Deutsche Bank AG restated a hold rating on shares of Meggitt plc in a research note on Tuesday, August 16th. Barclays PLC raised their price objective on Meggitt plc from GBX 520 ($6.50) to GBX 535 ($6.68) and gave the stock an overweight rating in a research note on Wednesday. Berenberg Bank cut Meggitt plc to a hold rating and reduced their price objective for the stock from GBX 450 ($5.62) to GBX 440 ($5.50) in a research note on Monday, August 8th. Finally, BNP Paribas restated a neutral rating and set a GBX 430 ($5.37) price objective on shares of Meggitt plc in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Meggitt plc currently has an average rating of Hold and a consensus target price of GBX 435.47 ($5.44).
Shares of Meggitt plc (LON:MGGT) traded up 0.96% during trading on Wednesday, hitting GBX 460.50. 3,162,279 shares of the stock were exchanged. The company’s market cap is GBX 3571.17 billion. Meggitt plc has a 12-month low of GBX 342.40 and a 12-month high of GBX 485.10. The firm has a 50 day moving average of GBX 447.52 and a 200-day moving average of GBX 428.47.
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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