Meggitt (LON:MGGT)‘s stock had its “sell” rating restated by investment analysts at Liberum Capital in a research report issued on Thursday. They presently have a GBX 410 ($5.56) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 13.39% from the company’s previous close.
MGGT has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price objective on Meggitt from GBX 580 ($7.87) to GBX 570 ($7.73) and set an “overweight” rating for the company in a research note on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating on shares of Meggitt in a research note on Monday, December 18th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Meggitt in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 499.70 ($6.78).
Meggitt (LON MGGT) traded up GBX 1.80 ($0.02) during mid-day trading on Thursday, hitting GBX 473.40 ($6.42). 2,871,726 shares of the stock were exchanged, compared to its average volume of 1,960,000. The company has a market capitalization of $3,680.00 and a PE ratio of 1,279.46. Meggitt has a 52-week low of GBX 407.40 ($5.52) and a 52-week high of GBX 530 ($7.19).
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/27/meggitts-mggt-sell-rating-reaffirmed-at-liberum-capital.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt and related companies with MarketBeat.com's FREE daily email newsletter.