Meggitt PLC (LON:MGGT): Investec Reaffirms Buy Rating Today, Has a Target of GBX 440.00/Share


Meggitt PLC (LON:MGGT) Rating Reaffirmed

Meggitt PLC (LON:MGGT) just had their share rating of a ‘Buy’ issued by research analysts at Investec, who now has a GBX 440.00 target PPS on the 2.93B GBP market cap company or a 16.53% upside potential. This key information was disclosed to clients in an analyst research report on Monday 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 430.3 with a 25.66% above today’s (GBX 377.5) 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.

Approximately 1.04 million shares of stock traded hands. Meggitt plc (LON:MGGT) has declined 28.46% since May 8, 2015 and is downtrending. It has underperformed by 27.38% the S&P500.

Meggitt PLC (LON:MGGT): Investec Reaffirms Buy Rating Today, Has a Target of GBX 440.00/Share

Meggitt PLC is a United Kingdom-based engineering company. The company has a market cap of 2.93 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.