Meggitt (MGGT) Price Target Lowered to GBX 462 at Deutsche Bank
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.
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).
Receive News & Ratings for Meggitt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt and related companies with MarketBeat.com's FREE daily email newsletter.