Meggitt PLC (LON:MGGT) Given Consensus Rating of “Hold” by Brokerages

Meggitt PLC (LON:MGGTGet Rating) has been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 783.33 ($9.98).

Several analysts recently commented on MGGT shares. Barclays reiterated an “overweight” rating and issued a GBX 800 ($10.20) price target on shares of Meggitt in a research report on Friday, March 25th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 750 ($9.56) target price on shares of Meggitt in a report on Wednesday, February 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 800 ($10.20) target price on shares of Meggitt in a report on Monday, March 14th.

In other news, insider Tony Wood purchased 847 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The stock was purchased at an average cost of GBX 425 ($5.42) per share, with a total value of £3,599.75 ($4,588.01). Also, insider Louisa Burdett sold 8,695 shares of the stock in a transaction dated Monday, February 28th. The stock was sold at an average price of GBX 755 ($9.62), for a total transaction of £65,647.25 ($83,669.70). Insiders bought 886 shares of company stock valued at $389,567 over the last ninety days.

MGGT stock opened at GBX 774 ($9.86) on Friday. The company has a current ratio of 1.69, a quick ratio of 0.90 and a debt-to-equity ratio of 44.88. The company has a market capitalization of £6.06 billion and a P/E ratio of 193.40. The business has a 50 day simple moving average of GBX 761.72 and a 200-day simple moving average of GBX 749.12. Meggitt has a twelve month low of GBX 392.40 ($5.00) and a twelve month high of GBX 846 ($10.78).

About Meggitt (Get Rating)

Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally. The company operates in four segments: Airframe Systems, Engine Systems, Energy & Equipment, and Services & Support. It offers ice protection products, radomes, and structures; air data and flight display products; brake control and tyre pressure monitoring systems, and wheels and brakes; engine health and vibration monitors, H2/O2 analyzers, and turbine monitoring and protection products; and aircraft cameras and security systems, and wireless aircraft systems.

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