Meggitt Given “Buy” Rating at Cantor Fitzgerald Europe (MGGT)
Meggitt (LON:MGGT)‘s stock had its “buy” rating reiterated by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Thursday, American Banking and Market News reports. They currently have a GBX 590 ($9.72) target price on the stock. Cantor Fitzgerald Europe’s target price would suggest a potential upside of 9.87% from the stock’s previous close.
MGGT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Meggitt from GBX 555 ($9.15) to GBX 575 ($9.48) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 540.80 ($8.91).
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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