Meggitt plc (LON:MGGT) had its price objective hoisted by JPMorgan Chase & Co. from GBX 445 ($5.51) to GBX 470 ($5.82) in a research report released on Monday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other analysts also recently commented on MGGT. Beaufort Securities reiterated a buy rating on shares of Meggitt plc in a research report on Friday, June 24th. Deutsche Bank AG reiterated a hold rating and issued a GBX 376 ($4.65) price target (down previously from GBX 380 ($4.70)) on shares of Meggitt plc in a research report on Friday, June 24th. Goldman Sachs Group Inc. reduced their price target on shares of Meggitt plc from GBX 406 ($5.02) to GBX 402 ($4.98) and set a neutral rating for the company in a research report on Monday, June 27th. BNP Paribas reiterated a neutral rating and issued a GBX 420 ($5.20) price target on shares of Meggitt plc in a research report on Wednesday, July 13th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 450 ($5.57) price target on shares of Meggitt plc in a research report on Tuesday, July 19th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 434.95 ($5.38).
Meggitt plc (LON:MGGT) opened at 461.40 on Monday. The firm’s 50-day moving average is GBX 465.56 and its 200 day moving average is GBX 421.09. Meggitt plc has a 12-month low of GBX 337.60 and a 12-month high of GBX 498.40. The stock’s market capitalization is GBX 3.57 billion.
The company 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.
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