Meggitt (LON:MGGT) had its price objective dropped by investment analysts at Deutsche Bank from GBX 492 ($6.80) to GBX 462 ($6.38) in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential upside of 3.89% from the company’s current price.
MGGT has been the topic of several other research reports. Liberum Capital restated a “sell” rating and set a GBX 375 ($5.18) price objective on shares of Meggitt in a report on Tuesday, November 14th. JPMorgan Chase & Co. cut their price objective on Meggitt from GBX 570 ($7.88) to GBX 560 ($7.74) and set an “overweight” rating on the stock in a report on Wednesday, November 15th. Jefferies Group restated a “buy” rating on shares of Meggitt in a report on Monday, December 18th. Citigroup restated a “neutral” rating and set a GBX 540 ($7.46) price objective on shares of Meggitt in a report on Friday, January 26th. Finally, Societe Generale boosted their price objective on Meggitt from GBX 500 ($6.91) to GBX 505 ($6.98) and gave the stock a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Meggitt has a consensus rating of “Hold” and a consensus target price of GBX 507.40 ($7.01).
Shares of Meggitt (MGGT) opened at GBX 444.70 ($6.14) on Thursday. Meggitt has a 1 year low of GBX 430.90 ($5.95) and a 1 year high of GBX 530 ($7.32). The company has a market cap of $3,450.00 and a PE ratio of 1,533.45.
Meggitt Company Profile
Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).
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