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Meggitt PLC (LON:MGGT) target price raised to 370.00GBX, issued a report today by Deutsche Bank

Meggitt PLC (LON:MGGT) had its target price raised to 370.00GBX by Deutsche Bank in an issued report announced 10/13/2016. The bumped up target suggests a potential downside of -0.17% from the company's most recent stock price close.

On 10/10/2016, JP Morgan Cazenove released a statement for Meggitt PLC (LON:MGGT) bumped up the target price from 445.00GBX to 470.00GBX that suggested an upside of 0.01%.

Boasting a price of 447.10GBX, Meggitt PLC (LON:MGGT) traded -1.84% lower on the day. With the last stock price close up 5.33% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Meggitt PLC has recorded a 50-day average of 465.04GBX and a two hundred day average of 421.42GBX. Volume of trade was down over the average, with 193,148 shares of MGGT changing hands under the typical 2,487,110

Performance Chart

Meggitt PLC (LON:MGGT)

With a total market value of 0 GBX, Meggitt PLC has price-earnings ratio of 27.92 with a one year low of 337.60GBX and a one year high of 489.00GBX .

A total of 20 equity analysts have released a research note on MGGT. One equity analyst rating the company a strong buy, six equity analysts rating the company a buy, eleven equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of 425.60GBX.

Brief Synopsis About 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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