London: Meggitt PLC (LON:MGGT) Stock Has Just Had Its “Buy” Rating Reiterated by Haitong Securities. Shares now Have a GBX 450.00 Target


Meggitt PLC (LON:MGGT) Rating Reaffirmed

Haitong Securities now has a GBX 450.00 target price on the 2.75 billion GBP market cap company or 24.65% upside potential. In a comprehensive report disseminated on Wednesday, 16 December, Meggitt PLC (LON:MGGT) shares have had their “Buy” Rating reconfirmed by stock analysts at Haitong Securities.

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 25.32% above today’s (GBX 363.6) stock price. Meggitt PLC was the topic of 74 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Haitong Securities maintained shares on December 16 with “Buy” rating. UBS maintained shares with “Neutral” rating and GBX 400 target share price in a report from a December 9. Berenberg upgraded MGGT stock in a recent report from December 15 to “Buy” rating. Societe Generale maintained the rating on December 8. Societe Generale has a “Hold” rating and a GBX 400 price target on shares. Finally, AlphaValue downgraded the stock to “Add” rating in a report issued on a December 11.

Approximately 608,216 shares of stock traded hands. Meggitt plc (LON:MGGT) has declined 29.64% since May 19, 2015 and is downtrending. It has underperformed by 27.02% the S&P500.

London: Meggitt PLC (LON:MGGT) Stock Has Just Had Its

Meggitt PLC is a United Kingdom-based engineering company. The company has a market cap of 2.75 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 15.03 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.