Brokerages Set Meggitt plc (MGGT) PT at $469.77
Meggitt plc (LON:MGGT) has been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 473.08 ($6.28).
A number of research firms have recently commented on MGGT. Jefferies Group LLC raised shares of Meggitt plc to a “buy” rating and raised their price objective for the stock from GBX 500 ($6.63) to GBX 600 ($7.96) in a report on Wednesday, August 23rd. J P Morgan Chase & Co upped their target price on shares of Meggitt plc from GBX 500 ($6.63) to GBX 600 ($7.96) and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG lowered their target price on shares of Meggitt plc from GBX 460 ($6.10) to GBX 450 ($5.97) and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 457 ($6.06) price target on shares of Meggitt plc in a research report on Thursday, June 22nd. Finally, Barclays PLC restated an “overweight” rating on shares of Meggitt plc in a research note on Tuesday, July 18th.
In other Meggitt plc news, insider Nancy Gioia acquired 3,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of GBX 524 ($6.95) per share, for a total transaction of £15,720 ($20,851.57). Insiders have purchased a total of 3,074 shares of company stock valued at $1,608,891 over the last ninety days.
Shares of Meggitt plc (MGGT) traded up 0.96% during trading on Wednesday, reaching GBX 526.00. 1,304,085 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 4.07 billion. The company has a 50 day moving average price of GBX 507.09 and a 200-day moving average price of GBX 486.73. Meggitt plc has a 52-week low of GBX 407.40 and a 52-week high of GBX 530.00.
The firm also recently declared a dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were given a dividend of GBX 5.05 ($0.07) per share. The ex-dividend date was Thursday, September 7th. This represents a yield of 1.01%.
Meggitt plc Company Profile
Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).
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