Meggitt plc (LON:MGGT) Given Average Rating of “Hold” by Analysts
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.
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).
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