Meggitt (LON:MGGT) had its target price hoisted by Societe Generale from GBX 500 ($6.91) to GBX 505 ($6.98) in a research note issued to investors on Wednesday morning. They currently have a hold rating on the stock.
Several other equities research analysts also recently weighed in on the company. Liberum Capital reaffirmed a sell rating and set a GBX 375 ($5.18) price target on shares of Meggitt in a report on Tuesday, November 14th. JPMorgan Chase & Co. cut their target price on Meggitt from GBX 570 ($7.88) to GBX 560 ($7.74) and set an overweight rating on the stock in a research report on Wednesday, November 15th. Jefferies Group reissued a buy rating on shares of Meggitt in a research report on Monday, December 18th. Citigroup reissued a neutral rating and set a GBX 540 ($7.46) price target on shares of Meggitt in a research report on Friday, January 26th. Finally, Deutsche Bank reissued a hold rating and set a GBX 492 ($6.80) price target on shares of Meggitt in a research report on Wednesday, February 7th. Two investment 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. The stock has an average rating of Hold and a consensus price target of GBX 507.40 ($7.01).
Meggitt (LON MGGT) traded down GBX 5.10 ($0.07) during trading hours on Wednesday, hitting GBX 447.50 ($6.18). 1,737,906 shares of the stock traded hands, compared to its average volume of 2,930,000. The stock has a market cap of $3,470.00 and a price-to-earnings ratio of 1,543.10. Meggitt has a 52-week low of GBX 430.90 ($5.95) and a 52-week high of GBX 530 ($7.32).
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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