Meggitt Rating Reiterated by AlphaValue (MGGT)
Meggitt (LON:MGGT)‘s stock had its “reduce” rating restated by research analysts at AlphaValue in a report released on Thursday, AR Network reports. They currently have a GBX 538 ($8.68) price target on the stock. AlphaValue’s target price indicates a potential downside of 0.37% from the company’s current price.
Meggitt (LON:MGGT) remained flat at GBX 540.00 during during mid-day trading trading on Thursday. 555,667 shares of the company’s stock traded hands. Meggitt has a 52 week low of GBX 363.56 and a 52 week high of GBX 575.00. The stock’s 50-day moving average is GBX 541.7 and its 200-day moving average is GBX 516.7. The company’s market cap is £4.253 billion.
MGGT has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Meggitt (LON:MGGT) in a research note to investors on Friday, September 20th. Separately, analysts at Bank of America Corp. raised their price target on shares of Meggitt (LON:MGGT) from GBX 550 ($8.87) to GBX 570 ($9.20) in a research note to investors on Thursday, August 29th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Meggitt (LON:MGGT) from GBX 650 ($10.49) to GBX 625 ($10.08) in a research note to investors on Thursday, August 8th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Meggitt has an average rating of “Hold” and an average target price of GBX 529.13 ($8.54).
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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