Equities researchers at Deutsche Bank raised their target price on shares of Meggitt (LON: MGGT)
Meggitt traded down 2.06% on Wednesday, hitting GBX 480.00. Meggitt has a 52-week low of GBX 362.50 and a 52-week high of GBX 480.20. The stock?s 50-day moving average is currently GBX 402.8. The company?s market cap is 3.743 billion. A number of other firms have also recently commented on MGGT. Analysts at Investec Securities reiterated a ?buy? rating on shares of Meggitt in a research note to investors on Tuesday. Separately, analysts at Jefferies Group reiterated a ?hold? rating on shares of Meggitt in a research note to investors on Tuesday. They now have a $5.49 price target on the stock. Finally, analysts at Bank of America reiterated a ?buy? rating on shares of Meggitt in a research note to investors on Monday, March 4th. They now have a $7.07 price target on the stock. Meggitt PLC is engaged in the design and manufacture of technology products and systems for the aerospace, defense and other specialist markets, including energy, medical, industrial, test and transportation.