JPMorgan Chase & Co. Increases Meggitt plc (MGGT) Price Target to GBX 470
Meggitt plc (LON:MGGT) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from GBX 445 ($5.51) to GBX 470 ($5.82) in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 2.69% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Berenberg Bank cut shares of Meggitt plc to a “hold” rating and dropped their price objective for the stock from GBX 450 ($5.57) to GBX 440 ($5.45) in a research note on Monday, August 8th. Credit Suisse Group AG reiterated an “underperform” rating on shares of Meggitt plc in a research note on Monday, October 3rd. Beaufort Securities reiterated a “buy” rating on shares of Meggitt plc in a research note on Thursday, August 25th. Goldman Sachs Group Inc. lifted their price objective on shares of Meggitt plc from GBX 402 ($4.98) to GBX 463 ($5.73) and gave the stock a “neutral” rating in a research note on Monday, September 5th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Meggitt plc in a research note on Tuesday, August 16th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Meggitt plc has an average rating of “Hold” and an average target price of GBX 434.95 ($5.38).
Shares of Meggitt plc (LON:MGGT) opened at 455.60 on Monday. The stock’s 50 day moving average is GBX 465.27 and its 200 day moving average is GBX 421.20. Meggitt plc has a 1-year low of GBX 337.60 and a 1-year high of GBX 489.00. The company’s market capitalization is GBX 3.53 billion.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were paid a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
Meggitt plc Company Profile
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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