Galvan Research Reiterates “Buy” Rating for Meggitt (MGGT)
Meggitt (LON:MGGT)‘s stock had its “buy” rating restated by equities researchers at Galvan Research in a research report issued on Monday, American Banking & Market News reports. They currently have a GBX 580 ($9.52) price target on the stock. Galvan Research’s target price would suggest a potential upside of 6.42% from the stock’s previous close.
Meggitt (LON:MGGT) opened at 540.50 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 £4.256 billion.
A number of other analysts have also recently weighed in on MGGT. Analysts at Barclays reiterated an “overweight” rating on shares of Meggitt in a research note to investors on Monday. They now have a GBX 625 ($10.26) price target on the stock. Separately, analysts at Sanford C. Bernstein initiated coverage on shares of Meggitt in a research note to investors on Thursday. They set an “outperform” rating on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Meggitt in a research note to investors on Thursday. They now have a GBX 590 ($9.68) price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 545.13 ($8.95).
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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