Meggitt plc Given Average Rating of “Hold” by Brokerages (LON:MGGT)
Meggitt plc (LON:MGGT) has earned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, Analyst Ratings News reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 528.29 ($8.83).
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Meggitt plc in a research note on Friday. They now have a GBX 550 ($9.19) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Meggitt plc in a research note on Friday. They now have a GBX 495 ($8.27) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Meggitt plc from GBX 470 ($7.86) to GBX 430 ($7.19) in a research note on Wednesday, August 13th. They now have a “neutral” rating on the stock.
Meggitt plc (LON:MGGT) opened at 466.20 on Friday. Meggitt plc has a 52-week low of GBX 445.00 and a 52-week high of GBX 573.50. The stock’s 50-day moving average is GBX 498.9 and its 200-day moving average is GBX 492.4. The company’s market cap is £3.756 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, August 13th will be given a dividend of GBX 4.25 ($0.07) per share. This represents a yield of 0.89%. The ex-dividend date is Wednesday, August 13th.
Meggitt PLC is engaged in designing and manufacturing of components and sub-systems. The Company’s segments include Aircraft Braking Systems, which is a supplier of aircraft wheels, brakes and brake control systems; Control Systems, which is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems; Polymers & Composites, which is a specialist in fuel containment, engineered aircraft sealing solutions and technical polymers, electrothermal ice protection and complex composite structures and assemblies; Sensing Systems, which is a provider of sensing and condition-monitoring solutions for rotating machinery and other assets, and Equipment Group division, which supplies aircraft fire protection and control systems, avionics, combat systems, live-fire and simulation training, and heat transfer equipment.
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