Meggitt Rating Reiterated by Deutsche Bank (MGGT)
Meggitt (LON:MGGT)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday, Stock Ratings Network reports. They currently have a GBX 510 ($8.37) price target on the stock. Deutsche Bank’s target price points to a potential downside of 5.03% from the company’s current price.
MGGT has been the subject of a number of other recent research reports. Analysts at Galvan Research reiterated a “buy” rating on shares of Meggitt in a research note to investors on Monday. They now have a GBX 580 ($9.52) price target on the stock. Separately, 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. Finally, analysts at Sanford C. Bernstein initiated coverage on shares of Meggitt in a research note to investors on Thursday, January 16th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 545.13 ($8.95).
Shares of Meggitt (LON:MGGT) traded down 0.56% during mid-day trading on Tuesday, hitting GBX 537.00. 1,149,388 shares of the company’s stock traded hands. Meggitt has a one year low of GBX 422.30 and a one year high of GBX 575.00. The stock has a 50-day moving average of GBX 518.9 and a 200-day moving average of GBX 532.1. The company’s market cap is £4.229 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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