Liberum Capital Reiterates Sell Rating for Meggitt (MGGT)

Liberum Capital reissued their sell rating on shares of Meggitt (LON:MGGT) in a report issued on Thursday. The brokerage currently has a GBX 375 ($5.05) price objective on the stock.

Several other equities research analysts have also recently weighed in on MGGT. J P Morgan Chase & Co increased their price target on shares of Meggitt from GBX 500 ($6.73) to GBX 600 ($8.08) and gave the company a buy rating in a research report on Wednesday, August 23rd. Jefferies Group raised shares of Meggitt to a buy rating and raised their target price for the stock from GBX 500 ($6.73) to GBX 600 ($8.08) in a research report on Wednesday, August 23rd. Deutsche Bank raised 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 research report on Thursday, August 31st. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of Meggitt in a research report on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 468.92 ($6.31).

Shares of Meggitt (MGGT) opened at GBX 480.50 ($6.47) on Thursday. Meggitt has a 12-month low of GBX 407.40 ($5.48) and a 12-month high of GBX 530 ($7.13).

In other Meggitt news, insider Nigel Rudd purchased 1,500 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of GBX 477 ($6.42) per share, with a total value of £7,155 ($9,629.88). Over the last three months, insiders have purchased 1,575 shares of company stock valued at $753,073.

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Meggitt 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).

Analyst Recommendations for Meggitt (LON:MGGT)

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