Meggitt PLC (OTCMKTS:MEGGF) Receives Average Rating of “Hold” from Brokerages

Shares of Meggitt PLC (OTCMKTS:MEGGFGet Rating) have earned an average rating of “Hold” from the ten research firms that are covering the stock, reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $404.00.

Separately, JPMorgan Chase & Co. restated a “hold” rating and issued a $800.00 target price on shares of Meggitt in a research report on Friday.

MEGGF remained flat at $$9.55 during trading hours on Friday. Meggitt has a 52 week low of $6.00 and a 52 week high of $12.10. The business’s 50 day simple moving average is $9.77 and its two-hundred day simple moving average is $9.86.

Meggitt Company Profile (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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Analyst Recommendations for Meggitt (OTCMKTS:MEGGF)

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