Meggitt (MGGT) Given Buy Rating at Jefferies Group
Meggitt (LON:MGGT)‘s stock had its “buy” rating reissued by Jefferies Group in a report issued on Monday.
Several other brokerages have also issued reports on MGGT. Liberum Capital reaffirmed a “sell” rating and set a GBX 375 ($5.05) price target on shares of Meggitt in a report on Monday, October 2nd. J P Morgan Chase & Co reduced their target price on shares of Meggitt from GBX 580 ($7.81) to GBX 570 ($7.67) and set an “overweight” rating on the stock in a report on Thursday, October 12th. Credit Suisse Group reissued an “underperform” rating on shares of Meggitt in a report on Tuesday, October 24th. Finally, Deutsche Bank boosted their target price on shares of Meggitt from GBX 450 ($6.06) to GBX 460 ($6.19) and gave the stock a “hold” rating in a report on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Meggitt presently has an average rating of “Hold” and an average price target of GBX 468.92 ($6.31).
Shares of Meggitt (LON MGGT) opened at GBX 479.75 ($6.46) on Monday. Meggitt has a 1-year low of GBX 407.40 ($5.48) and a 1-year high of GBX 530 ($7.13).
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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