Meggitt (MGGT) Price Target Raised to GBX 580 at Deutsche Bank
Meggitt (LON:MGGT) had its price objective raised by Deutsche Bank from GBX 515 ($6.73) to GBX 580 ($7.58) in a research report sent to investors on Tuesday morning. They currently have a hold rating on the stock.
Several other brokerages have also recently issued reports on MGGT. Credit Suisse Group lifted their target price on shares of Meggitt from GBX 365 ($4.77) to GBX 450 ($5.88) and gave the stock an underperform rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Meggitt from GBX 645 ($8.43) to GBX 670 ($8.75) and gave the stock an overweight rating in a report on Wednesday, August 8th. Barclays cut shares of Meggitt to an equal weight rating and set a GBX 550 ($7.19) target price for the company. in a report on Monday, August 13th. Finally, Goldman Sachs Group lifted their target price on shares of Meggitt from GBX 575 ($7.51) to GBX 586 ($7.66) and gave the stock a neutral rating in a report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 540.13 ($7.06).
Shares of Meggitt stock opened at GBX 486.50 ($6.36) on Tuesday. Meggitt has a 52-week low of GBX 430.90 ($5.63) and a 52-week high of GBX 530 ($6.93).
Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.
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