Breaking Finance News

Berenberg announced Meggitt PLC (LON:MGGT), keeping its stock price target at 440.00GBX today

In a report released on 2/9/2017 Berenberg hold steady the stock price target of Meggitt PLC (LON:MGGT) from 440.00GBX to 440.00GBX reporting a possible upside of 0.03%.

Previously on 01/05/2017, JP Morgan Cazenove reported on Meggitt PLC (LON:MGGT) increased the target price from 465.00GBX to 470.00GBX. At the time, this indicated a possible upside of 0.05%.

Just yesterday Meggitt PLC (LON:MGGT) traded 0.93% higher at 428.50GBX. Meggitt PLC’s 50-day moving average is 441.21GBX and its 200-day moving average is 452.36GBX. The last closing price is down -4.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 2,168,668 shares of MGGT traded hands, down from an average trading volume of 2,226,040

Recent Performance Chart

Meggitt PLC (LON:MGGT)

Meggitt PLC has 52 week low of 353.00GBX and a 52 week high of 485.10GBX with a PE ratio of 27.19 and has a market capitalization of 0 GBX.

In addition to Berenberg reporting its stock price target, a total of 20 brokers have issued a research note on the company. The average stock price target is 425.60GBX with 1 broker rating the stock a strong buy, 6 brokers rating the stock a buy, 11 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On Meggitt PLC (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, military and energy markets.

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