Meggitt plc Given Buy Rating at Goldman Sachs (MGGT)
Meggitt plc (LON:MGGT)‘s stock had its “buy” rating reaffirmed by analysts at Goldman Sachs in a research report issued to clients and investors on Monday. They currently have a GBX 533 ($9.11) target price on the stock. Goldman Sachs’ price target would suggest a potential upside of 0.47% from the stock’s previous close.
A number of other analysts have also recently weighed in on MGGT. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Meggitt plc in a research note on Thursday. They now have a GBX 470 ($8.03) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Meggitt plc in a research note on Thursday, July 10th. Finally, analysts at Deutsche Bank cut their price target on shares of Meggitt plc from GBX 485 ($8.29) to GBX 475 ($8.12) in a research note on Thursday, July 10th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 548.73 ($9.38).
Meggitt plc (LON:MGGT) traded down 2.03% during mid-day trading on Monday, hitting GBX 530.50. The stock had a trading volume of 6,027,343 shares. Meggitt plc has a one year low of GBX 445.00 and a one year high of GBX 575.00. The stock has a 50-day moving average of GBX 514. and a 200-day moving average of GBX 498.5. The company’s market cap is £4.228 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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