Meggitt (LON:MGGT) Price Target Raised to GBX 490

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Meggitt (LON:MGGT) had its target price boosted by research analysts at JPMorgan Chase & Co. from GBX 445 ($5.81) to GBX 490 ($6.40) in a research note issued to investors on Monday, Price reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 3.24% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 375 ($4.90) price target on shares of Meggitt in a report on Thursday, January 28th. Berenberg Bank raised their price target on shares of Meggitt from GBX 460 ($6.01) to GBX 480 ($6.27) and gave the company a “buy” rating in a report on Friday, March 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 368.89 ($4.82).

Meggitt stock opened at GBX 474.60 ($6.20) on Monday. The company has a market capitalization of £3.71 billion and a P/E ratio of -11.75. The firm’s fifty day simple moving average is GBX 465.18 and its 200-day simple moving average is GBX 402.24. The company has a current ratio of 1.92, a quick ratio of 1.01 and a debt-to-equity ratio of 46.82. Meggitt has a 1-year low of GBX 226 ($2.95) and a 1-year high of GBX 524.75 ($6.86).

In other Meggitt news, insider Louisa Burdett sold 2,785 shares of the firm’s stock in a transaction on Thursday, April 8th. The shares were sold at an average price of GBX 486 ($6.35), for a total value of £13,535.10 ($17,683.69).

Meggitt Company Profile

Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally. The company operates through four segments: Airframe Systems, Engine Systems, Energy & Equipment, and Services & Support. It offers ice protection products, radomes, and structures; air data and flight display products; brake control and tyre pressure monitoring systems, and wheels and brakes; engine health and vibration monitors, H2/O2 analyzers, and turbine monitoring and protection products; and aircraft cameras and security systems, and wireless aircraft systems.

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Analyst Recommendations for Meggitt (LON:MGGT)

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