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.

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About Meggitt

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).

Analyst Recommendations for Meggitt (LON:MGGT)

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