Deutsche Bank AG Raises Meggitt plc (MGGT) Price Target to GBX 460
Meggitt plc (LON:MGGT) had its price target raised by Deutsche Bank AG from GBX 450 ($5.82) to GBX 460 ($5.95) in a research report report published on Thursday. The firm currently has a hold rating on the stock.
A number of other analysts have also issued reports on the stock. Jefferies Group LLC upgraded shares of Meggitt plc to a buy rating and boosted their price target for the stock from GBX 500 ($6.47) to GBX 600 ($7.76) in a research note on Wednesday, August 23rd. J P Morgan Chase & Co boosted their price target on shares of Meggitt plc from GBX 500 ($6.47) to GBX 600 ($7.76) and gave the stock a buy rating in a research note on Wednesday, August 23rd. Barclays PLC reiterated an overweight rating and set a GBX 540 ($6.98) price target on shares of Meggitt plc in a research note on Monday, August 7th. Liberum Capital reiterated a sell rating and set a GBX 375 ($4.85) price target on shares of Meggitt plc in a research note on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a GBX 457 ($5.91) price target on shares of Meggitt plc in a research note on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 469.77 ($6.08).
Meggitt plc (LON:MGGT) opened at 516.50 on Thursday. Meggitt plc has a one year low of GBX 407.40 and a one year high of GBX 520.17. The company’s market capitalization is GBX 4.00 billion. The firm’s 50-day moving average is GBX 500.42 and its 200 day moving average is GBX 476.21.
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The firm also recently declared a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be issued a GBX 5.05 ($0.07) dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, September 7th.
About Meggitt plc
Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).
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