Meggitt plc Receives “Hold” Rating from Deutsche Bank (MGGT)
Meggitt plc (LON:MGGT)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 485 ($8.15) price objective on the stock. Deutsche Bank’s price target would suggest a potential upside of 2.75% from the stock’s previous close.
A number of other analysts have also recently weighed in on MGGT. Analysts at Canaccord Genuity initiated coverage on shares of Meggitt plc in a research note on Monday. They set a “buy” rating and a GBX 580 ($9.74) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Meggitt plc in a research note on Friday. They now have a GBX 610 ($10.25) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Meggitt plc in a research note on Wednesday, April 16th. They now have a GBX 610 ($10.25) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 556.20 ($9.34).
Shares of Meggitt plc (LON:MGGT) traded up 0.40% during mid-day trading on Tuesday, hitting GBX 472.00. The stock had a trading volume of 1,531,938 shares. Meggitt plc has a 52 week low of GBX 445.00 and a 52 week high of GBX 575.00. The stock has a 50-day moving average of GBX 470.6 and a 200-day moving average of GBX 505.7. The company’s market cap is £3.762 billion.
Meggitt PLC is engaged in designing and manufacturing of components and sub-systems. The Company’s segments include Aircraft Braking Systems, which is a supplier of aircraft wheels, brakes and brake control systems; Control Systems, which is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems; Polymers & Composites, which is a specialist in fuel containment, engineered aircraft sealing solutions and technical polymers, electrothermal ice protection and complex composite structures and assemblies; Sensing Systems, which is a provider of sensing and condition-monitoring solutions for rotating machinery and other assets, and Equipment Group division, which supplies aircraft fire protection and control systems, avionics, combat systems, live-fire and simulation training, and heat transfer equipment.
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