Analyst at JP Morgan Cazenove Maintained Meggitt PLC (LON:MGGT)Stock Rating as a ‘Neutral’

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Meggitt PLC (LON:MGGT) Rating Reaffirmed

In a recent report revealed on Tuesday, 8 December, JP Morgan Cazenove reiterated their Neutral rating on Meggitt PLC (LON:MGGT) shares.

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 430.3 with a 25.99% above today’s (GBX 376.5) stock price. Meggitt PLC was the topic of 63 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Hold” rating. RBC Capital Markets maintained shares with “Outperform” rating and GBX 420 target share price in a report from a November 16. Bernstein maintained MGGT stock in a recent report from December 1 with “Market Perform” rating. UBS maintained the rating on November 10. UBS has a “Neutral” rating and a GBX 400 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 24.

The stock closed the day at GBX 376.5 during the previous session. It is down 27.94% since May 11, 2015 and is downtrending. It has underperformed by 26.86% the S&P500.

Analyst at JP Morgan Cazenove Maintained Meggitt PLC (LON:MGGT)Stock Rating as a ‘Neutral’

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 15.56 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.

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