Meggitt plc (LON:MGGT) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 459.38 ($5.98).

A number of equities research analysts have recently commented on MGGT shares. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 540 ($7.03) target price on shares of Meggitt plc in a report on Wednesday, May 3rd. Bank of America Corporation raised shares of Meggitt plc to a “buy” rating and set a GBX 530 ($6.90) target price for the company in a report on Wednesday, April 12th. J P Morgan Chase & Co raised shares of Meggitt plc to an “overweight” rating and upped their target price for the company from GBX 505 ($6.58) to GBX 575 ($7.49) in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 457 ($5.95) target price on shares of Meggitt plc in a report on Thursday, June 22nd. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 375 ($4.88) target price on shares of Meggitt plc in a report on Thursday, April 27th.

In other Meggitt plc news, insider Doug Webb sold 16,869 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of GBX 482 ($6.28), for a total transaction of £81,308.58 ($105,884.33). Insiders have acquired 76 shares of company stock worth $37,157 over the last 90 days.

Meggitt plc (LON:MGGT) traded up 1.39% during midday trading on Tuesday, hitting GBX 503.50. The stock had a trading volume of 1,800,300 shares. The stock has a 50 day moving average of GBX 494.39 and a 200 day moving average of GBX 466.62. Meggitt plc has a 12 month low of GBX 407.40 and a 12 month high of GBX 510.50. The stock’s market cap is GBX 3.90 billion.

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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).

Analyst Recommendations for Meggitt plc (LON:MGGT)

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