Meggitt plc (LON:MGGT) Receives Average Recommendation of “Hold” from Analysts
Meggitt plc (LON:MGGT) has received a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 459.71 ($5.95).
MGGT has been the subject of a number of analyst reports. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 540 ($6.99) price target on shares of Meggitt plc in a research report on Wednesday, May 3rd. Bank of America Corporation raised Meggitt plc to a “buy” rating and set a GBX 530 ($6.87) price target for the company in a research report on Wednesday, April 12th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 375 ($4.86) price target on shares of Meggitt plc in a research report on Thursday, April 27th. Deutsche Bank AG reduced their price target on Meggitt plc from GBX 470 ($6.09) to GBX 456 ($5.91) and set a “hold” rating for the company in a research report on Thursday, May 18th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 457 ($5.92) price target on shares of Meggitt plc in a research report on Thursday, June 22nd.
Shares of Meggitt plc (LON:MGGT) traded up 0.55% during midday trading on Friday, hitting GBX 491.20. The company had a trading volume of 1,200,454 shares. Meggitt plc has a one year low of GBX 398.30 and a one year high of GBX 510.50. The company’s 50 day moving average is GBX 494.55 and its 200 day moving average is GBX 460.17. The firm’s market cap is GBX 3.80 billion.
TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/14/meggitt-plc-lonmggt-receives-average-recommendation-of-hold-from-analysts.html.
In related news, insider Paul Heiden acquired 134 shares of the stock in a transaction dated Friday, May 5th. The shares were bought at an average cost of GBX 474 ($6.14) per share, for a total transaction of £635.16 ($822.75). Also, insider Doug Webb sold 16,869 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 482 ($6.24), for a total value of £81,308.58 ($105,321.99). In the last ninety days, insiders acquired 210 shares of company stock valued at $100,673.
Meggitt plc Company Profile
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 plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt plc and related companies with MarketBeat.com's FREE daily email newsletter.