Cantor Fitzgerald Europe Reiterates “Buy” Rating for Meggitt (MGGT)
Meggitt (LON:MGGT)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 590 ($9.72) price objective on the stock. Cantor Fitzgerald Europe’s price target suggests a potential upside of 9.36% from the stock’s previous close.
A number of other firms have also recently commented on MGGT. Analysts at Investec raised their price target on shares of Meggitt from GBX 535 ($8.82) to GBX 540 ($8.90) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Meggitt from GBX 500 ($8.24) to GBX 510 ($8.40) in a research note to investors on Thursday, December 5th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Meggitt to an “outperform” rating in a research note to investors on Tuesday, November 26th. They now have a GBX 620 ($10.22) price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 544.13 ($8.97).
Meggitt (LON:MGGT) traded up 0.84% on Tuesday, hitting GBX 539.50. The stock had a trading volume of 848,369 shares. Meggitt has a one year low of GBX 413.20 and a one year high of GBX 575.00. The stock has a 50-day moving average of GBX 511.5 and a 200-day moving average of GBX 531.8. The company’s market cap is £4.249 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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