Meggitt PLC (LON:MGGT) Rating Reaffirmed
They currently have a GBX 400.00 target price on Meggitt PLC (LON:MGGT). The target price by Deutsche Bank would suggest a potential upside of 5.97% from the company’s last stock close. This has been revealed to clients and investors in recent note on Friday morning.
From a total of 20 analysts covering Meggitt PLC (LON:MGGT) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 13 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is GBX 550 while the lowest target price is GBX 360. The mean of all analyst targets is GBX 429.05 with a 25.32% above today’s (GBX 377.47) stock price. Meggitt PLC was the topic of 61 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 1 with “Market Perform” rating. BNP Paribas maintained shares with “Neutral” rating and GBX 400 target share price in a report from a November 10. Credit Suisse maintained MGGT stock in a recent report from November 24 with “Underperform” rating. JP Morgan maintained the rating on November 9. JP Morgan has a “Neutral” rating and a GBX 380 price target on shares. Finally, UBS maintained the stock with “Neutral” rating in a report issued on a November 10.
The stock increased 0.29% or GBX 1.07 on December 3, striking GBX 377.47. Approximately shares of stock traded hands. Meggitt plc (LON:MGGT) has declined 27.34% since May 7, 2015 and is downtrending. It has underperformed by 27.05% the S&P500.
Meggitt PLC is a United Kingdom-based engineering company. The company has a market cap of 2.92 billion GBP. The Firm is engaged in designing and manufacturing of components and sub-systems providing functionality in applications within civil aerospace, military and energy markets. It has 15.6 P/E ratio. The Firm manages its businesses under the key divisions of Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group.