JPMorgan Chase & Co. Increases Meggitt plc (MGGT) Price Target to GBX 470
Meggitt plc (LON:MGGT) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from GBX 445 ($5.81) to GBX 470 ($6.13) in a report issued on Monday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 1.40% from the company’s previous close.
Several other equities research analysts have also recently weighed in on MGGT. Morgan Stanley boosted their target price on Meggitt plc from GBX 435 ($5.68) to GBX 450 ($5.87) and gave the stock an “equal weight” rating in a research note on Thursday, August 4th. Panmure Gordon restated a “sell” rating on shares of Meggitt plc in a research note on Wednesday, August 3rd. Societe Generale restated a “hold” rating and set a GBX 438 ($5.72) target price on shares of Meggitt plc in a research note on Wednesday, August 3rd. Deutsche Bank AG decreased their target price on Meggitt plc from GBX 376 ($4.91) to GBX 370 ($4.83) and set a “hold” rating for the company in a research note on Wednesday, August 3rd. Finally, Beaufort Securities restated a “buy” rating on shares of Meggitt plc in a research note on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Meggitt plc has a consensus rating of “Hold” and a consensus target price of GBX 434.95 ($5.68).
Shares of Meggitt plc (LON:MGGT) opened at 466.70 on Monday. The firm’s market cap is GBX 3.61 billion. Meggitt plc has a 52 week low of GBX 337.60 and a 52 week high of GBX 498.40. The stock’s 50 day moving average is GBX 465.29 and its 200-day moving average is GBX 420.45.
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The firm also recently disclosed a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were issued a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 1.14%. The ex-dividend date was Thursday, September 8th.
About Meggitt plc
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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