Meggitt (LON:MGGT) Rating Reaffirmed
The equities firm has just set a target price of GBX 400.00 on Meggitt (LON:MGGT) shares. This is 9.26% from the stock price. In an interesting research report revealed to investors and clients on Wednesday, 9 December, UBS has reaffirmed their Neutral 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 27.56% above today’s (GBX 366.1) stock price. Meggitt PLC was the topic of 68 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 8 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 400 target share price in a report from a December 4. RBC Capital Markets maintained MGGT stock in a recent report from December 7 with “Outperform” rating. Raymond James maintained the rating on December 3. Raymond James has a “Strong Buy” rating and a GBX 610 price target on shares. Finally, Liberum Capital maintained the stock with “Hold” rating in a report issued on a December 7.
The stock decreased 0.38% or GBX 1.4 on December 9, striking GBX 366.1. Approximately 2.17 million shares of stock traded hands. Meggitt plc (LON:MGGT) has declined 28.71% since May 12, 2015 and is downtrending. It has underperformed by 27.91% the S&P500.
Meggitt PLC is a United Kingdom-based engineering company. The company has a market cap of 2.91 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 15.13 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.