Meggitt plc (MGGT) PT Lowered to GBX 550 at J P Morgan Chase & Co
Meggitt plc (LON:MGGT) had its target price lowered by J P Morgan Chase & Co from GBX 560 ($7.37) to GBX 550 ($7.23) in a report published on Wednesday morning. The brokerage currently has an overweight rating on the stock.
Several other equities analysts have also recently weighed in on the company. Liberum Capital reissued a sell rating and set a GBX 375 ($4.93) price target on shares of Meggitt plc in a report on Tuesday, November 14th. Credit Suisse Group reissued an underperform rating on shares of Meggitt plc in a report on Tuesday, October 24th. Deutsche Bank AG increased their price target on Meggitt plc from GBX 450 ($5.92) to GBX 460 ($6.05) and gave the company a hold rating in a report on Thursday, August 31st. Jefferies Group LLC raised Meggitt plc to a buy rating and increased their price target for the company from GBX 500 ($6.58) to GBX 600 ($7.89) in a report on Wednesday, August 23rd. Finally, Barclays PLC reissued an overweight rating and set a GBX 540 ($7.10) price target on shares of Meggitt plc in a report on Monday, August 7th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 468.92 ($6.17).
Meggitt plc (MGGT) opened at GBX 481.10 ($6.33) on Wednesday. Meggitt plc has a twelve month low of GBX 407.40 ($5.36) and a twelve month high of GBX 530 ($6.97).
In related news, insider Nigel Rudd acquired 1,500 shares of Meggitt plc stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of GBX 477 ($6.27) per share, for a total transaction of £7,155 ($9,410.76). Also, insider Nancy Gioia acquired 3,000 shares of Meggitt plc stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of GBX 524 ($6.89) per share, with a total value of £15,720 ($20,676.05). Insiders bought a total of 4,574 shares of company stock valued at $2,325,014 over the last 90 days.
WARNING: “Meggitt plc (MGGT) PT Lowered to GBX 550 at J P Morgan Chase & Co” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/meggitt-plc-mggt-pt-lowered-to-gbx-550-at-j-p-morgan-chase-co/1725531.html.
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).
Receive News & Ratings for Meggitt plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt plc and related companies with Analyst Ratings Network's FREE daily email newsletter.