Meggitt Given New GBX 540 Price Target at Investec (MGGT)
Investment analysts at Investec hoisted their target price on shares of Meggitt (LON:MGGT) from GBX 535 ($8.82) to GBX 540 ($8.90) in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Investec’s price objective points to a potential downside of 0.92% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Jefferies Group raised their price target on shares of Meggitt from GBX 365 ($6.02) to GBX 550 ($9.06) in a research note to investors on Friday, November 22nd. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Meggitt presently has an average rating of “Hold” and a consensus price target of GBX 540.80 ($8.91).
Shares of Meggitt (LON:MGGT) opened at 545.00 on Monday. Meggitt has a 52-week low of GBX 413.20 and a 52-week high of GBX 575.00. The stock has a 50-day moving average of GBX 515.3 and a 200-day moving average of GBX 532.1. The company’s market cap is £4.292 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.