Meggitt (LON:MGGT) had its target price lifted by Liberum Capital from GBX 375 ($5.09) to GBX 410 ($5.56) in a research report issued on Friday. The brokerage presently has a “sell” rating on the stock. Liberum Capital’s target price points to a potential downside of 15.91% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Meggitt from GBX 550 ($7.46) to GBX 540 ($7.32) and set an “overweight” rating for the company in a report on Friday, January 5th. Jefferies Group restated a “buy” rating on shares of Meggitt in a report on Monday, December 18th. Finally, Credit Suisse Group restated an “underperform” rating on shares of Meggitt in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 495.70 ($6.72).

Meggitt (LON:MGGT) traded up GBX 8.30 ($0.11) during midday trading on Friday, hitting GBX 487.60 ($6.61). The stock had a trading volume of 5,565,228 shares, compared to its average volume of 1,750,000. The company has a market capitalization of $3,790.00 and a P/E ratio of 1,317.84. Meggitt has a 52-week low of GBX 407.40 ($5.52) and a 52-week high of GBX 530 ($7.19).

In other Meggitt news, insider Nigel Rudd acquired 1,500 shares of Meggitt stock in a transaction on Monday, November 20th. The stock was purchased at an average price of GBX 477 ($6.47) per share, for a total transaction of £7,155 ($9,703.01). Insiders acquired a total of 1,577 shares of company stock valued at $752,943 in the last 90 days.

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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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