Meggitt plc (MGGT) Receives Sell Rating from Liberum Capital
Liberum Capital restated their sell rating on shares of Meggitt plc (LON:MGGT) in a research report sent to investors on Monday morning. They currently have a GBX 375 ($4.97) target price on the stock.
Several other research analysts have also commented on the company. Deutsche Bank AG raised their price target on Meggitt plc from GBX 450 ($5.97) to GBX 460 ($6.10) and gave the stock a hold rating in a research report on Thursday, August 31st. Jefferies Group LLC upgraded Meggitt plc to a buy rating and raised their price target for the stock from GBX 500 ($6.63) to GBX 600 ($7.96) in a research report on Wednesday, August 23rd. J P Morgan Chase & Co raised their price target on Meggitt plc from GBX 500 ($6.63) to GBX 600 ($7.96) and gave the stock a buy rating in a research report on Wednesday, August 23rd. Barclays PLC restated an overweight rating and set a GBX 540 ($7.16) price target on shares of Meggitt plc in a research report on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and set a GBX 457 ($6.06) price target on shares of Meggitt plc in a research report on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 473.08 ($6.28).
Meggitt plc (MGGT) opened at 522.50 on Monday. The stock has a 50 day moving average price of GBX 508.81 and a 200-day moving average price of GBX 487.98. The stock’s market cap is GBX 4.04 billion. Meggitt plc has a one year low of GBX 407.40 and a one year high of GBX 530.00.
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The business also recently announced a dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were issued a GBX 5.05 ($0.07) dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a yield of 1.01%.
In related news, insider Nancy Gioia bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of GBX 524 ($6.95) per share, for a total transaction of £15,720 ($20,851.57). Over the last quarter, insiders purchased 3,074 shares of company stock valued at $1,608,891.
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).
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