Several other analysts also recently issued reports on MGGT. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 405 ($5.29) price target on shares of Meggitt plc in a report on Wednesday, June 15th. Beaufort Securities reiterated a buy rating on shares of Meggitt plc in a report on Friday, June 24th. Deutsche Bank AG reiterated a hold rating and issued a GBX 376 ($4.91) price target (down from GBX 380 ($4.96)) on shares of Meggitt plc in a report on Friday, June 24th. Goldman Sachs Group Inc. lowered their price target on Meggitt plc from GBX 406 ($5.30) to GBX 402 ($5.25) and set a neutral rating for the company in a report on Monday, June 27th. Finally, BNP Paribas reiterated a neutral rating and issued a GBX 420 ($5.48) price target on shares of Meggitt plc in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 433.63 ($5.66).
Shares of Meggitt plc (LON:MGGT) opened at 475.00 on Monday. The stock’s market capitalization is GBX 3.68 billion. Meggitt plc has a 12-month low of GBX 337.60 and a 12-month high of GBX 498.40. The stock has a 50 day moving average price of GBX 464.76 and a 200 day moving average price of GBX 419.47.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were issued a GBX 4.80 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 1.14%.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.