Liberum Capital Reiterates “Sell” Rating for Meggitt (MGGT)

Liberum Capital reiterated their sell rating on shares of Meggitt (LON:MGGT) in a research note released on Thursday. The brokerage currently has a GBX 410 ($5.56) price objective on the stock.

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).

In other Meggitt news, insider Nigel Rudd acquired 1,500 shares of Meggitt stock in a transaction on Monday, November 20th. The stock was purchased at an average price of GBX 477 ($6.47) per share, for a total transaction of £7,155 ($9,703.01). Insiders acquired a total of 1,577 shares of company stock valued at $752,943 in the last 90 days.

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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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