Reaffirmed: Meggitt (LON:MGGT) Outperform Rating Has Been Maintained by equity analysts RBC Capital Markets; GBX 420 Target in Place

Share

Meggitt (LON:MGGT) Rating Reaffirmed

RBC Capital Markets now has a GBX 420 target price per share on shares of Meggitt (LON:MGGT). The target price per share means a potential upside of 15.67% from the current stock price of Meggitt (LON:MGGT). This rating was disclosed in a recent report on Monday, 14 December.

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 26.55% above today’s (GBX 363) stock price. Meggitt PLC was the topic of 70 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. AlphaValue downgraded shares on December 11 to “Add” rating. Liberum Capital maintained shares with “Hold” rating and GBX 390 target share price in a report from a December 7. Societe Generale maintained MGGT stock in a recent report from December 8 with “Hold” rating. Investec maintained the rating on December 7. Investec has a “Buy” rating and a GBX 440 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a December 7.

Approximately 689,018 shares of stock traded hands. Meggitt plc (LON:MGGT) has declined 29.55% since May 15, 2015 and is downtrending. It has underperformed by 25.14% the S&P500.

Reaffirmed: Meggitt (LON:MGGT) Outperform Rating Has Been Maintained by equity analysts RBC Capital Markets; GBX 420 Target in Place

Meggitt PLC is a United Kingdom-based engineering company. The company has a market cap of 2.81 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 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.

COMMENTS: