Meggitt (MGGT) Earns “Sell” Rating from Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Meggitt (LON:MGGT) in a research note issued to investors on Thursday. Liberum Capital currently has a GBX 375 ($5.05) price objective on the stock.
Other equities research analysts also recently issued reports about the stock. J P Morgan Chase & Co cut their target price on shares of Meggitt from GBX 560 ($7.54) to GBX 550 ($7.40) and set an overweight rating on the stock in a research report on Wednesday, November 22nd. Jefferies Group upgraded shares of Meggitt to a buy rating and lifted their target price for the stock from GBX 500 ($6.73) to GBX 600 ($8.08) in a research report on Wednesday, August 23rd. Deutsche Bank lifted their target price on shares of Meggitt from GBX 450 ($6.06) to GBX 460 ($6.19) and gave the stock a hold rating in a research report on Thursday, August 31st. Finally, Credit Suisse Group reiterated an underperform rating on shares of Meggitt in a research report on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 468.92 ($6.31).
Shares of Meggitt (LON:MGGT) opened at GBX 471.60 ($6.35) on Thursday. Meggitt has a 1 year low of GBX 407.40 ($5.48) and a 1 year high of GBX 530 ($7.13).
In other news, insider Nigel Rudd purchased 1,500 shares of the stock in a transaction on Monday, November 20th. The stock was purchased at an average price of GBX 477 ($6.42) per share, for a total transaction of £7,155 ($9,629.88). In the last 90 days, insiders have acquired 1,575 shares of company stock valued at $753,073.
COPYRIGHT VIOLATION NOTICE: “Meggitt (MGGT) Earns “Sell” Rating from Liberum Capital” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/meggitt-mggt-earns-sell-rating-from-liberum-capital/1769583.html.
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).
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 Analyst Ratings Network's FREE daily email newsletter.