Meggitt plc (LON:MGGT) Receives GBX 559 Consensus PT from Brokerages

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Meggitt plc (LON:MGGT) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 567.75 ($7.42).

A number of equities research analysts have weighed in on MGGT shares. Barclays set a $192.00 price objective on Tesla and gave the company a “sell” rating in a research note on Tuesday, May 14th. Goldman Sachs Group set a €135.00 ($156.98) price objective on SAP and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. restated a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 16th. Citigroup set a $6.00 price objective on Solid Biosciences and gave the company a “hold” rating in a research note on Thursday, May 16th. Finally, UBS Group restated a “buy” rating and set a GBX 285 ($3.72) price objective on shares of in a research note on Friday, June 21st.

LON:MGGT traded up GBX 13.40 ($0.18) on Tuesday, hitting GBX 557.20 ($7.28). 1,243,631 shares of the stock were exchanged, compared to its average volume of 3,380,000. The stock has a market capitalization of $4.33 billion and a PE ratio of 24.44. The company has a debt-to-equity ratio of 50.39, a quick ratio of 1.01 and a current ratio of 1.80. The business has a fifty day moving average of GBX 519.82. Meggitt has a fifty-two week low of GBX 456.10 ($5.96) and a fifty-two week high of GBX 583.80 ($7.63).

In other news, insider Tony Wood acquired 227 shares of Meggitt stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of GBX 546 ($7.13) per share, with a total value of £1,239.42 ($1,619.52). Also, insider Philip Ernest Green sold 137,330 shares of Meggitt stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of GBX 523 ($6.83), for a total value of £718,235.90 ($938,502.42). In the last ninety days, insiders have acquired 3,354 shares of company stock worth $1,679,905.

About Meggitt

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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Analyst Recommendations for Meggitt (LON:MGGT)

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