Meggitt plc (MGGT) Receives “Hold” Rating from Deutsche Bank AG
Meggitt plc (LON:MGGT)‘s stock had its “hold” rating restated by analysts at Deutsche Bank AG in a research report issued on Friday.
A number of other research analysts also recently weighed in on the company. Barclays PLC reissued an “overweight” rating and issued a GBX 520 ($6.50) price objective on shares of Meggitt plc in a research note on Thursday, October 20th. Liberum Capital downgraded Meggitt plc to a “sell” rating and raised their price objective for the company from GBX 390 ($4.87) to GBX 400 ($5.00) in a research note on Friday, January 20th. J P Morgan Chase & Co cut their price objective on Meggitt plc from GBX 470 ($5.87) to GBX 465 ($5.81) and set a “neutral” rating on the stock in a research note on Monday, November 14th. Panmure Gordon reissued a “sell” rating and issued a GBX 325 ($4.06) price objective on shares of Meggitt plc in a research note on Monday, December 19th. Finally, Beaufort Securities reissued a “buy” rating on shares of Meggitt plc in a research note on Thursday, October 27th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Meggitt plc currently has a consensus rating of “Hold” and a consensus target price of GBX 437.76 ($5.47).
Meggitt plc (LON:MGGT) opened at 425.20 on Friday. The company’s 50-day moving average price is GBX 437.54 and its 200 day moving average price is GBX 452.41. Meggitt plc has a 52 week low of GBX 361.80 and a 52 week high of GBX 485.10. The company’s market capitalization is GBX 3.29 billion.
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In other Meggitt plc news, insider Nigel Rudd purchased 1,050 shares of the company’s stock in a transaction on Monday, November 21st. The shares were bought at an average cost of GBX 454 ($5.67) per share, with a total value of £4,767 ($5,957.26). Over the last ninety days, insiders acquired 1,133 shares of company stock worth $514,122.
About Meggitt plc
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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