MEGGITT PLC/ADR (OTCMKTS:MEGGY) Downgraded by Societe Generale

Societe Generale downgraded shares of MEGGITT PLC/ADR (OTCMKTS:MEGGY) from a hold rating to a sell rating in a research note released on Wednesday, The Fly reports.

Separately, Goldman Sachs Group upgraded MEGGITT PLC/ADR from a neutral rating to a buy rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. MEGGITT PLC/ADR currently has a consensus rating of Hold.

Shares of OTCMKTS:MEGGY opened at $14.85 on Wednesday. MEGGITT PLC/ADR has a 1 year low of $11.51 and a 1 year high of $15.26. The stock’s 50-day moving average is $14.48 and its 200 day moving average is $13.82.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, September 6th will be issued a dividend of $0.119 per share. The ex-dividend date is Thursday, September 5th.

About MEGGITT PLC/ADR

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.

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