Citigroup Reiterates Buy Rating for Meggitt (MGGT)
Citigroup reaffirmed their buy rating on shares of Meggitt (LON:MGGT) in a research report released on Monday.
Other research analysts have also issued reports about the stock. UBS Group reaffirmed a sell rating on shares of Meggitt in a research note on Wednesday, February 27th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 635 ($8.30) price objective on shares of Meggitt in a research note on Wednesday, February 6th. Goldman Sachs Group lifted their price objective on shares of Meggitt from GBX 600 ($7.84) to GBX 622 ($8.13) and gave the stock a neutral rating in a research note on Friday, December 21st. JPMorgan Chase & Co. lowered shares of Meggitt to a neutral rating and dropped their price objective for the stock from GBX 610 ($7.97) to GBX 585 ($7.64) in a research note on Thursday, February 28th. Finally, Deutsche Bank lifted their price objective on shares of Meggitt from GBX 515 ($6.73) to GBX 580 ($7.58) and gave the stock a hold rating in a research note on Tuesday, December 4th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Meggitt presently has an average rating of Hold and a consensus target price of GBX 562.78 ($7.35).
LON MGGT opened at GBX 525.80 ($6.87) on Monday. The company has a quick ratio of 1.05, a current ratio of 1.80 and a debt-to-equity ratio of 50.39. The firm has a market cap of $4.08 billion and a price-to-earnings ratio of 23.06. Meggitt has a 52 week low of GBX 415.50 ($5.43) and a 52 week high of GBX 583.80 ($7.63).
Meggitt Company Profile
Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.
See Also: Institutional Investors
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