Meggitt plc (MGGT) Rating Reiterated by Deutsche Bank AG
Deutsche Bank AG reiterated their hold rating on shares of Meggitt plc (LON:MGGT) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. They currently have a GBX 456 ($5.91) target price on the stock.
Other equities analysts also recently issued reports about the company. Bank of America Corporation upgraded Meggitt plc to a buy rating and set a GBX 530 ($6.87) price target on the stock in a research note on Wednesday, April 12th. Berenberg Bank raised their price target on Meggitt plc from GBX 440 ($5.70) to GBX 490 ($6.35) and gave the stock a hold rating in a research note on Friday, March 10th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 500 ($6.48) price target on shares of Meggitt plc in a research note on Friday, April 21st. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 457 ($5.92) price target on shares of Meggitt plc in a research note on Thursday, June 22nd. Finally, Citigroup Inc. restated a neutral rating and issued a GBX 500 ($6.48) price target on shares of Meggitt plc in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 455.07 ($5.89).
Shares of Meggitt plc (MGGT) opened at 486.40 on Friday. Meggitt plc has a 52 week low of GBX 398.30 and a 52 week high of GBX 510.50. The firm has a 50 day moving average price of GBX 494.55 and a 200 day moving average price of GBX 460.17. The company’s market capitalization is GBX 3.77 billion.
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In other Meggitt plc news, insider Paul Heiden purchased 134 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were acquired at an average cost of GBX 474 ($6.14) per share, with a total value of £635.16 ($822.75). Also, insider Doug Webb sold 16,869 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of GBX 482 ($6.24), for a total value of £81,308.58 ($105,321.99). Over the last three months, insiders have acquired 210 shares of company stock worth $100,673.
About Meggitt plc
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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