Brokerages Set Meggitt plc (LON:MGGT) Target Price at $443.76
Shares of Meggitt plc (LON:MGGT) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the stock. Four investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 443.76 ($5.79).
Several equities analysts recently weighed in on MGGT shares. Berenberg Bank downgraded Meggitt plc to a “hold” rating and reduced their target price for the stock from GBX 450 ($5.87) to GBX 440 ($5.74) in a research report on Monday, August 8th. Beaufort Securities restated a “buy” rating on shares of Meggitt plc in a research note on Thursday, August 25th. Goldman Sachs Group Inc. upped their price target on Meggitt plc from GBX 402 ($5.25) to GBX 463 ($6.04) and gave the stock a “neutral” rating in a research note on Monday, September 5th. Deutsche Bank AG restated a “hold” rating on shares of Meggitt plc in a research note on Tuesday, August 16th. Finally, Jefferies Group dropped their price target on Meggitt plc from GBX 550 ($7.18) to GBX 500 ($6.53) and set a “hold” rating for the company in a research note on Tuesday, August 30th.
Meggitt plc (LON:MGGT) opened at 464.60 on Monday. The stock’s 50 day moving average price is GBX 460.09 and its 200-day moving average price is GBX 416.24. Meggitt plc has a 12 month low of GBX 337.60 and a 12 month high of GBX 498.40. The stock’s market cap is GBX 3.60 billion.
The company also recently announced a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 8th will be issued a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 1.14%. The ex-dividend date is Thursday, September 8th.
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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