JPMorgan Chase & Co. Raises Meggitt (MGGT) Price Target to GBX 670

Meggitt (LON:MGGT) had its price objective lifted by JPMorgan Chase & Co. from GBX 645 ($8.35) to GBX 670 ($8.67) in a report issued on Wednesday. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on MGGT. Liberum Capital restated a sell rating and issued a GBX 410 ($5.31) price target on shares of Meggitt in a research report on Thursday, April 26th. Credit Suisse Group restated an underperform rating and issued a GBX 365 ($4.72) price target on shares of Meggitt in a research report on Tuesday, May 1st. Finally, Berenberg Bank upgraded shares of Meggitt to a buy rating in a research report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 522.50 ($6.76).

Shares of LON:MGGT opened at GBX 542.80 ($7.03) on Wednesday. Meggitt has a 52 week low of GBX 430.90 ($5.58) and a 52 week high of GBX 530 ($6.86).

The business also recently disclosed a dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 6th will be paid a GBX 5.30 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a yield of 0.93%.

Meggitt Company Profile

Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.

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Analyst Recommendations for Meggitt (LON:MGGT)

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