Meggitt plc Rating Reiterated by Jefferies Group (MGGT)
Meggitt plc (LON:MGGT)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Monday, Stock Ratings Network reports. They currently have a GBX 550 ($9.26) price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 19.02% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Meggitt plc in a research note on Thursday, May 8th. They now have a GBX 580 ($9.77) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Meggitt plc in a research note on Wednesday, May 7th. They now have a GBX 550 ($9.26) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Meggitt plc in a research note on Tuesday, April 29th. They now have a GBX 485 ($8.17) price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 556.64 ($9.38).
Meggitt plc (LON:MGGT) opened at 462.40 on Monday. Meggitt plc has a 1-year low of GBX 445.00 and a 1-year high of GBX 575.00. The stock’s 50-day moving average is GBX 475.0 and its 200-day moving average is GBX 499.9. The company’s market cap is £3.686 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.
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.