Meggitt Receives “Hold” Rating from Liberum Capital (MGGT)
Meggitt (LON:MGGT)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a report released on Tuesday, Stock Ratings Network reports. They currently have a GBX 525 ($8.49) target price on the stock. Liberum Capital’s target price suggests a potential downside of 6.76% from the stock’s previous close.
Meggitt (LON:MGGT) traded up 0.28% on Tuesday, hitting GBX 563.0563. The stock had a trading volume of 421,633 shares. Meggitt has a 1-year low of GBX 363.56 and a 1-year high of GBX 575.00. The stock’s 50-day moving average is GBX 544.5 and its 200-day moving average is GBX 525.3. The company’s market cap is £4.434 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Meggitt in a research note to investors on Tuesday, October 22nd. They now have a GBX 525 ($8.49) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Meggitt from GBX 500 ($8.09) to GBX 550 ($8.90) in a research note to investors on Monday, October 21st. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Meggitt in a research note to investors on Monday, October 21st. They now have a GBX 625 ($10.11) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 533.35 ($8.63).
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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