Meggitt plc (MGGT) Receives Sell Rating from Panmure Gordon
A number of other brokerages also recently issued reports on MGGT. Goldman Sachs Group Inc. upped their price objective on shares of Meggitt plc from GBX 402 ($5.25) to GBX 463 ($6.04) and gave the stock a neutral rating in a research report on Monday, September 5th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 445 ($5.81) price objective on shares of Meggitt plc in a research report on Wednesday, September 14th. Jefferies Group reduced their price objective on shares of Meggitt plc from GBX 550 ($7.18) to GBX 500 ($6.53) and set a hold rating for the company in a research report on Tuesday, August 30th. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 390 ($5.09) price objective on shares of Meggitt plc in a research report on Thursday, September 1st. Finally, Beaufort Securities reaffirmed a buy rating on shares of Meggitt plc in a research report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Meggitt plc currently has a consensus rating of Hold and an average target price of GBX 434.95 ($5.68).
Meggitt plc (LON:MGGT) traded up 1.08% during midday trading on Friday, reaching GBX 468.50. The company’s stock had a trading volume of 925,335 shares. Meggitt plc has a 52 week low of GBX 337.60 and a 52 week high of GBX 498.40. The firm’s market cap is GBX 3.63 billion. The firm has a 50 day moving average price of GBX 465.29 and a 200-day moving average price of GBX 420.45.
The business also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were issued a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
Meggitt plc Company Profile
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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