Meggitt (MGGT) PT Raised to GBX 670 at JPMorgan Chase & Co.
Meggitt (LON:MGGT) had its price objective upped by JPMorgan Chase & Co. from GBX 645 ($8.35) to GBX 670 ($8.67) in a report issued on Wednesday. They currently have an overweight rating on the stock.
A number of other research analysts also recently commented on the company. Liberum Capital reaffirmed a sell rating on shares of Meggitt in a research note on Friday, June 8th. Berenberg Bank raised Meggitt to a buy rating in a research note on Monday, July 9th. Finally, Credit Suisse Group reaffirmed an underperform rating and issued a GBX 365 ($4.72) price target on shares of Meggitt in a research note on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Meggitt currently has a consensus rating of Hold and a consensus target price of GBX 522.50 ($6.76).
Meggitt opened at GBX 542.80 ($7.03) on Wednesday, MarketBeat.com reports. Meggitt has a 52 week low of GBX 430.90 ($5.58) and a 52 week high of GBX 530 ($6.86).
Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.
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