Deutsche Bank AG reaffirmed their hold rating on shares of Meggitt plc (LON:MGGT) in a research note issued to investors on Thursday morning. They currently have a GBX 370 ($4.51) target price on the stock.
Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Meggitt plc from GBX 445 ($5.42) to GBX 470 ($5.73) and gave the company a neutral rating in a report on Monday, October 10th. Panmure Gordon reaffirmed a sell rating and issued a GBX 325 ($3.96) price target on shares of Meggitt plc in a report on Friday, October 7th. Credit Suisse Group AG reaffirmed an underperform rating on shares of Meggitt plc in a report on Monday, October 3rd. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 463 ($5.64) price target on shares of Meggitt plc in a report on Sunday, September 11th. Finally, Jefferies Group lowered their price target on shares of Meggitt plc from GBX 550 ($6.70) to GBX 500 ($6.09) and set a hold rating on the stock in a report on Tuesday, August 30th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Meggitt plc currently has a consensus rating of Hold and an average target price of GBX 434.95 ($5.30).
Shares of Meggitt plc (LON:MGGT) opened at 446.50 on Thursday. Meggitt plc has a one year low of GBX 337.60 and a one year high of GBX 489.00. The company’s market capitalization is GBX 3.46 billion. The stock has a 50 day moving average price of GBX 463.10 and a 200 day moving average price of GBX 423.03.
The company also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were issued a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 1.14%.
About Meggitt plc
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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