Meggitt (LON:MGGT) Rating Reaffirmed
Recently, In analysts note announced on Thursday morning, Meggitt (LON:MGGT) shares have had their “Strong Buy” Rating reconfirmed by professional analysts at Raymond James, who currently has a GBX 610 target price on company. This target by Raymond James may imply the possibile upside of 60.57% from the closing share price.
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 24.82% above today’s (GBX 379) 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.
Approximately 907,612 shares of stock traded hands. Meggitt plc (LON:MGGT) has declined 27.82% since May 6, 2015 and is downtrending. It has underperformed by 27.53% the S&P500.
Meggitt PLC is a United Kingdom-based engineering company. The company has a market cap of 2.87 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 15.66 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.