A number of other research firms have also commented on MGGT. Credit Suisse Group reissued an underperform rating on shares of Meggitt in a research report on Tuesday, October 24th. JPMorgan Chase & Co. lowered their price target on Meggitt from GBX 550 ($7.46) to GBX 540 ($7.32) and set an overweight rating for the company in a research report on Friday, January 5th. Finally, Jefferies Group reissued a buy rating on shares of Meggitt in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 499.70 ($6.78).
Shares of Meggitt (LON:MGGT) opened at GBX 473.40 ($6.42) on Thursday. The company has a market capitalization of $3,680.00 and a price-to-earnings ratio of 1,279.46. Meggitt has a 12-month low of GBX 407.40 ($5.52) and a 12-month high of GBX 530 ($7.19).
COPYRIGHT VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/01/29/liberum-capital-reiterates-sell-rating-for-meggitt-mggt.html.
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).
Receive News & Ratings for Meggitt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt and related companies with MarketBeat.com's FREE daily email newsletter.