Meggitt (LON:MGGT) had its price target trimmed by Deutsche Bank from GBX 492 ($6.80) to GBX 462 ($6.38) in a report released on Thursday morning. The brokerage currently has a hold rating on the stock.

A number of other research analysts also recently commented on the stock. Societe Generale upped their price objective on shares of Meggitt from GBX 500 ($6.91) to GBX 505 ($6.98) and gave the company a hold rating in a research note on Wednesday. Liberum Capital reaffirmed a sell rating and set a GBX 410 ($5.66) price objective on shares of Meggitt in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 540 ($7.46) price objective on shares of Meggitt in a research note on Tuesday, February 27th. Citigroup reissued a neutral rating and set a GBX 540 ($7.46) target price on shares of Meggitt in a research report on Friday, January 26th. Finally, Jefferies Group reissued a buy rating on shares of Meggitt in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 507.40 ($7.01).

Meggitt (LON:MGGT) opened at GBX 446.20 ($6.16) on Thursday. Meggitt has a one year low of GBX 430.90 ($5.95) and a one year high of GBX 530 ($7.32). The company has a market cap of $3,460.00 and a PE ratio of 1,538.62.

The firm also recently announced a dividend, which will be paid on Friday, May 4th. Investors of record on Thursday, March 22nd will be given a dividend of GBX 10.80 ($0.15) per share. This represents a yield of 2.39%. The ex-dividend date is Thursday, March 22nd. This is an increase from Meggitt’s previous dividend of $5.05.

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About Meggitt

Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).

Analyst Recommendations for Meggitt (LON:MGGT)

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