Meggitt plc (MGGT) Receives Average Recommendation of “Hold” from Brokerages

Meggitt plc (LON:MGGT) has received an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 551.57 ($7.21).

Several brokerages recently issued reports on MGGT. JPMorgan Chase & Co. lifted their target price on Meggitt from GBX 670 ($8.75) to GBX 700 ($9.15) and gave the company an “overweight” rating in a research report on Wednesday, October 17th. Goldman Sachs Group boosted their price objective on Meggitt from GBX 575 ($7.51) to GBX 586 ($7.66) and gave the stock a “neutral” rating in a research report on Wednesday, October 17th. Finally, Deutsche Bank boosted their price objective on Meggitt from GBX 515 ($6.73) to GBX 580 ($7.58) and gave the stock a “hold” rating in a research report on Tuesday, December 4th.

Shares of LON:MGGT traded up GBX 9.80 ($0.13) during mid-day trading on Tuesday, hitting GBX 501.80 ($6.56). 1,063,466 shares of the company traded hands, compared to its average volume of 3,380,000. Meggitt has a 12-month low of GBX 430.90 ($5.63) and a 12-month high of GBX 530 ($6.93).

Meggitt Company Profile

Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.

Recommended Story: Compound Interest

Analyst Recommendations for Meggitt (LON:MGGT)

Receive News & Ratings for Meggitt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply