Barclays PLC reissued their overweight rating on shares of Meggitt plc (LON:MGGT) in a research note published on Monday. Barclays PLC currently has a GBX 540 ($7.03) target price on the stock.
Other equities research analysts have also recently issued research reports about the company. Liberum Capital restated a sell rating and set a GBX 375 ($4.88) target price on shares of Meggitt plc in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a GBX 457 ($5.95) target price on shares of Meggitt plc in a research note on Thursday, June 22nd. Deutsche Bank AG decreased their target price on Meggitt plc from GBX 470 ($6.12) to GBX 456 ($5.94) and set a hold rating for the company in a research note on Thursday, May 18th. J P Morgan Chase & Co boosted their target price on Meggitt plc from GBX 500 ($6.51) to GBX 505 ($6.58) and gave the stock a neutral rating in a research note on Friday, May 19th. Finally, Citigroup Inc. restated a neutral rating and set a GBX 500 ($6.51) target price on shares of Meggitt plc in a research note on Friday, May 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 454.43 ($5.92).
Meggitt plc (LON MGGT) opened at 491.60 on Monday. The stock’s market capitalization is GBX 3.81 billion. The company has a 50 day moving average of GBX 494.22 and a 200 day moving average of GBX 467.72. Meggitt plc has a 12 month low of GBX 407.40 and a 12 month high of GBX 517.50.
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The company also recently disclosed a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be paid a GBX 5.05 ($0.07) dividend. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 7th.
In other Meggitt plc news, insider Doug Webb sold 16,869 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of GBX 482 ($6.28), for a total value of £81,308.58 ($105,884.33).
Meggitt plc Company Profile
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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