Meggitt Receives Buy Rating from 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 Thursday, Stock Ratings Network.com 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.
Meggitt (LON:MGGT) opened at 537.50 on Thursday. 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 512.6 and a 200-day moving average of GBX 531.9. The company’s market cap is £4.233 billion.
A number of other analysts have also recently weighed in on MGGT. 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 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 company has an average rating of “Hold” and an average target price 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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