Trading Report: The Meggitt plc (MGGT) Receives “Hold” Rating from Deutsche Bank AG

The Meggitt plc (MGGT) Receives “Hold” Rating from Deutsche Bank AG

Meggitt plc (LON:MGGT)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a GBX 370 ($4.58) price target on the stock. Deutsche Bank AG’s price target points to a potential downside of 18.18% from the company’s current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Meggitt plc from GBX 445 ($5.51) to GBX 470 ($5.82) and gave the stock a “neutral” rating in a research note on Monday. Panmure Gordon reiterated a “sell” rating and set a GBX 325 ($4.02) price target on shares of Meggitt plc in a research note on Friday, October 7th. Credit Suisse Group AG reissued an “underperform” rating on shares of Meggitt plc in a research report on Monday, October 3rd. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 463 ($5.73) price objective on shares of Meggitt plc in a research report on Sunday, September 11th. Finally, Jefferies Group lowered their price objective on shares of Meggitt plc from GBX 550 ($6.81) to GBX 500 ($6.19) and set a “hold” rating on the stock in a research report on Tuesday, August 30th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 434.95 ($5.38).

Shares of Meggitt plc (LON:MGGT) opened at 443.00 on Thursday. Meggitt plc has a one year low of GBX 337.60 and a one year high of GBX 489.00. The stock’s market capitalization is GBX 3.43 billion. The stock’s 50 day moving average is GBX 465.04 and its 200-day moving average is GBX 421.42.

The firm also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 1.14%. The ex-dividend date was Thursday, September 8th.

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