Meggitt PLC (LON:MGGT) Rating Reaffirmed
The firm has just set a target price per share of GBX 420.00 on Meggitt PLC (LON:MGGT) shares. This is 11.55% from the stock close price. In a note issued to clients on Tuesday, 8 December, RBC Capital Markets has restated their Outperform rating on shares of MGGT.
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 24.04% above today’s (GBX 376.5) stock price. Meggitt PLC was the topic of 67 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 8 with “Neutral” rating. Raymond James maintained shares with “Strong Buy” rating and GBX 610 target share price in a report from a December 3. Investec maintained MGGT stock in a recent report from December 7 with “Buy” rating. Bernstein maintained the rating on December 1. Bernstein has a “Market Perform” rating and a GBX 400 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a December 4.
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 27.35% 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 15.56 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.