Meggitt’s (MGGT) Hold Rating Reiterated at Deutsche Bank
A number of other research firms have also commented on MGGT. Credit Suisse Group reaffirmed an underperform rating on shares of Meggitt in a research note on Tuesday, October 24th. Liberum Capital reaffirmed a sell rating and set a GBX 375 ($5.26) price objective on shares of Meggitt in a research note on Tuesday, November 14th. JPMorgan Chase & Co. reduced their price objective on shares of Meggitt from GBX 550 ($7.71) to GBX 540 ($7.57) and set an overweight rating for the company in a research note on Friday, January 5th. Jefferies Group reaffirmed a buy rating on shares of Meggitt in a research note on Monday, December 18th. Finally, Citigroup reaffirmed a neutral rating and set a GBX 540 ($7.57) price objective on shares of Meggitt in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 502.90 ($7.05).
Shares of Meggitt (LON MGGT) opened at GBX 458 ($6.42) on Wednesday. Meggitt has a 1-year low of GBX 407.40 ($5.71) and a 1-year high of GBX 530 ($7.43). The firm has a market cap of $3,580.00 and a PE ratio of 1,237.84.
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Meggitt 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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