Meggitt Stock Rating Reaffirmed by Cantor Fitzgerald Europe (MGGT)
Meggitt (LON:MGGT)‘s stock had its “buy” rating reiterated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. They currently have a GBX 590 ($9.72) target price on the stock. Cantor Fitzgerald Europe’s target price would indicate a potential upside of 9.87% from the stock’s previous close.
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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 540.80 ($8.91).
Shares of Meggitt (LON:MGGT) opened at 534.50 on Thursday. Meggitt has a 52-week low of GBX 413.20 and a 52-week high of GBX 575.00. The stock’s 50-day moving average is GBX 512.6 and its 200-day moving average is GBX 531.9. The company’s market cap is £4.209 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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