Meggitt plc Given Consensus Recommendation of “Hold” by Analysts (LON:MGGT)
Meggitt plc (LON:MGGT) has earned an average recommendation of “Hold” from the twenty ratings firms that are covering the stock, StockRatingsNetwork reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 528.29 ($8.74).
Meggitt plc (LON:MGGT) opened at 466.70 on Friday. Meggitt plc has a 1-year low of GBX 445.00 and a 1-year high of GBX 573.50. The stock has a 50-day moving average of GBX 496.8 and a 200-day moving average of GBX 491.8. The company’s market cap is £3.760 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, August 13th will be paid a dividend of GBX 4.25 ($0.07) per share. This represents a dividend yield of 0.89%. The ex-dividend date is Wednesday, August 13th.
MGGT has been the subject of a number of recent research reports. 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 ($9.10) 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 ($8.19) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Meggitt plc from GBX 470 ($7.78) to GBX 430 ($7.12) in a research note on Wednesday, August 13th. They now have a “neutral” rating on the stock.
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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