A number of other brokerages have also 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 reissued a hold rating on shares of Meggitt plc in a report on Tuesday, August 16th. Berenberg Bank downgraded shares of Meggitt plc to a hold rating and dropped their price objective for the stock from GBX 450 ($5.87) to GBX 440 ($5.74) in a report on Monday, August 8th. JPMorgan Chase & Co. reissued an underweight rating and issued a GBX 385 ($5.03) price objective on shares of Meggitt plc in a report on Tuesday, July 5th. Finally, BNP Paribas reissued a neutral rating and issued a GBX 430 ($5.61) price objective on shares of Meggitt plc in a report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Meggitt plc currently has an average rating of Hold and a consensus target price of GBX 434.95 ($5.68).
Shares of Meggitt plc (LON:MGGT) traded up 1.08% during trading on Friday, hitting GBX 468.50. 925,335 shares of the stock were exchanged. The stock’s market cap is GBX 3.63 billion. Meggitt plc has a 52-week low of GBX 337.60 and a 52-week high of GBX 498.40. The firm has a 50 day moving average of GBX 465.29 and a 200-day moving average of GBX 420.45.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
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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