Meggitt Price Target Raised to $8.06 at JP Morgan Cazenove (MGGT)
Equities research analysts at JP Morgan Cazenove increased their price target on shares of Meggitt (LON: MGGT) from $7.17 (480 GBX) to $8.06 (540 GBX) in a research note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Meggitt in a research note to investors on Monday. They now have a $8.44 price target on the stock. Separately, analysts at Investec raised their price target on shares of Meggitt from $7.22 to $7.82 in a research note to investors on Thursday, March 7th. They now have a “buy” rating on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Meggitt in a research note to investors on Wednesday, March 6th. They now have a $7.52 price target on the stock.
Shares of Meggitt opened at 483.30 on Tuesday. Meggitt has a one year low of GBX 362.50 and a one year high of GBX 492.30. The stock’s 50-day moving average is currently GBX 402.8. The company’s market cap is £3.793 billion.
Meggitt PLC is engaged in the design and manufacture of technology products and systems for the aerospace, defense and other specialist markets, including energy, medical, industrial, test and transportation.
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