Meggitt Rating Reiterated by Cantor Fitzgerald Europe (MGGT)
Meggitt (LON:MGGT)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald Europe in a report released on Tuesday, American Banking & Market News reports. They currently have a GBX 590 ($9.72) price target on the stock. Cantor Fitzgerald Europe’s price target would indicate a potential upside of 10.28% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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 research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Meggitt presently has a consensus rating of “Hold” and an average target price of GBX 542.62 ($8.94).
Shares of Meggitt (LON:MGGT) opened at 533.15 on Tuesday. Meggitt has a one year low of GBX 413.20 and a one year high of GBX 575.00. The stock’s 50-day moving average is GBX 510.7 and its 200-day moving average is GBX 531.7. The company’s market cap is £4.199 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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