Meggitt plc’s (MGGT) Underperform Rating Reaffirmed at Credit Suisse Group AG
Several other equities research analysts have also issued reports on MGGT. Morgan Stanley raised their price objective on Meggitt plc from GBX 435 ($5.68) to GBX 450 ($5.87) and gave the company an equal weight rating in a research note on Thursday, August 4th. Societe Generale reaffirmed a hold rating and issued a GBX 438 ($5.72) price objective on shares of Meggitt plc in a research note on Wednesday, August 3rd. Panmure Gordon reaffirmed a sell rating on shares of Meggitt plc in a research note on Wednesday, August 3rd. Deutsche Bank AG lowered their price objective on Meggitt plc from GBX 376 ($4.91) to GBX 370 ($4.83) and set a hold rating for the company in a research note on Wednesday, August 3rd. Finally, Beaufort Securities reaffirmed a buy rating on shares of Meggitt plc in a research note on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 433.63 ($5.66).
Meggitt plc (LON:MGGT) traded up 3.36% during midday trading on Monday, hitting GBX 471.20. The stock had a trading volume of 1,264,307 shares. Meggitt plc has a 52-week low of GBX 337.60 and a 52-week high of GBX 498.40. The stock’s market cap is GBX 3.65 billion. The company’s 50 day moving average price is GBX 464.36 and its 200-day moving average price is GBX 419.02.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were paid a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date was Thursday, September 8th. This represents a 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.
Receive News & Ratings for Meggitt plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt plc and related companies with MarketBeat.com's FREE daily email newsletter.