Published On: Sun, Sep 11th, 2016

Meggitt plc (MGGT) Rating Reiterated by Liberum Capital

Meggitt plc (LON:MGGT)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a note issued to investors on Tuesday. They currently have a GBX 390 ($5.19) target price on the stock. Liberum Capital’s price target suggests a potential downside of 16.31% from the stock’s previous close.
Several other equities analysts have also recently issued reports on MGGT. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 405 ($5.39) price target on shares of Meggitt plc in a report on Friday, April 8th. Barclays PLC reiterated an “overweight” rating and issued a GBX 475 ($6.33) price target on shares of Meggitt plc in a report on Wednesday, April 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 480 ($6.39) price target on shares of Meggitt plc in a report on Wednesday, April 20th. Jefferies Group reiterated a “hold” rating and issued a GBX 550 ($7.33) price target on shares of Meggitt plc in a report on Wednesday, April 20th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a GBX 380 ($5.06) price target on shares of Meggitt plc in a report on Wednesday, April 20th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Meggitt plc has a consensus rating of “Hold” and a consensus target price of GBX 433.63 ($5.78).
Shares of Meggitt plc (LON:MGGT) traded down 1.08% during midday trading on Tuesday, hitting GBX 466.00. The company had a trading volume of 1,534,441 shares. The firm’s market capitalization is GBX 3.61 billion. Meggitt plc has a 12-month low of GBX 337.60 and a 12-month high of GBX 498.40. The firm’s 50-day moving average is GBX 451.72 and its 200-day moving average is GBX 413.27.

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The business also recently declared a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 8th will be given a dividend of GBX 4.80 ($0.06) per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 8th.
Meggitt plc Company Profile
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.

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