Deutsche Bank AG Reaffirms Hold Rating for Meggitt plc (MGGT)
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Meggitt plc from GBX 445 ($5.42) to GBX 470 ($5.73) and gave the company a neutral rating in a report on Monday, October 10th. Panmure Gordon restated a sell rating and set a GBX 325 ($3.96) price objective on shares of Meggitt plc in a report on Friday, October 7th. Credit Suisse Group AG restated an underperform rating on shares of Meggitt plc in a report on Monday, October 3rd. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 463 ($5.64) price objective on shares of Meggitt plc in a report on Sunday, September 11th. Finally, Jefferies Group dropped their price objective on Meggitt plc from GBX 550 ($6.70) to GBX 500 ($6.09) and set a hold rating for the company in a report on Tuesday, August 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 434.95 ($5.30).
Shares of Meggitt plc (LON:MGGT) opened at 446.40 on Thursday. The company’s 50 day moving average price is GBX 463.50 and its 200 day moving average price is GBX 422.45. The stock’s market capitalization is GBX 3.46 billion. Meggitt plc has a 52-week low of GBX 337.60 and a 52-week high of GBX 489.00.
The business also recently announced 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. The ex-dividend date of this dividend was Thursday, September 8th. This represents a dividend yield of 1.14%.
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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