Meggitt’s Buy Rating Reaffirmed at Cantor Fitzgerald Europe (MGGT)
Meggitt (LON:MGGT)‘s stock had its “buy” rating reiterated by stock analysts at Cantor Fitzgerald Europe in a report issued on Tuesday, AnalystRatings.NET reports. They currently have a GBX 590 ($9.72) target price on the stock. Cantor Fitzgerald Europe’s target price indicates a potential upside of 10.28% from the company’s current price.
A number of other analysts have also recently weighed in 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 research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 542.62 ($8.94).
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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