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A statement released earlier today by Deutsche about Meggitt (LON:MGGT) bumps the target price to 370.00GBX

Meggitt (LON:MGGT) had its price target upped to 370GBX by Deutsche in a report issued 8/03/2016. The latest target price implies a possible downside of -0.09% based on the company’s most recent closing price.

Previously on 8/02/2016, UBS reported on Meggitt(LON:MGGT) bumped the target price from 0.00GBX to 375.00GBX. At the time, this suggested a downside of -0.10%.

Yesterday Meggitt (LON:MGGT) traded 0.24% lower at 405.80GBX. The company’s 50-day moving average is 458.14GBX and its 200-day average is 415.68GBX. With the last stock close down 11.86% from the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the date range. Trading volume was was up over the average, with 3,695,145 shares of MGGT changing hands over the typical 2,287,320 shares..

Performance Graphic:

Meggitt (LON:MGGT)

Meggitt has a P/E of 29 with a 52 week low of 337.60GBX and a 52 week high of 498.40GBX. MGGT’s market cap is currently 0.0 GBX.

A total of 20 brokerages have reported on the stock. One analyst rate the stock a strong buy, six analysts rate the company a buy, 11 analyts rate the company a hold, three analysts rate the stock to underperform, and lastly one brokeragerate the company as sell with an average target of 425.60GBX

More About Meggitt (LON:MGGT)

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. Its Meggitt Control Systems is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems. Its Meggitt Polymers & Composites specializes in fuel containment and systems, sealing solutions and advanced composites. Its Meggit Sensing Systems is a provider of sensing, monitoring, power and motion systems, which specializes in products designed to operate in conditions across a range of applications. Its Meggitt Equipment Group offerings include information technology (IT), regional human resource and strategic sourcing. It provides functionality in various applications within civil aerospace, and military and energy markets.

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