Meggitt (LON:MGGT) Rating Reiterated by Credit Suisse Group

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Credit Suisse Group restated their underperform rating on shares of Meggitt (LON:MGGT) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts also recently issued reports on the stock. Investec downgraded shares of Meggitt to a hold rating in a research note on Monday, October 14th. UBS Group restated a sell rating on shares of Meggitt in a report on Thursday, September 12th. Goldman Sachs Group lifted their price objective on shares of Meggitt from GBX 689 ($9.00) to GBX 711 ($9.29) and gave the company a buy rating in a report on Thursday, August 8th. Finally, Berenberg Bank lifted their price objective on shares of Meggitt from GBX 610 ($7.97) to GBX 695 ($9.08) and gave the company a buy rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 589.10 ($7.70).

Shares of MGGT opened at GBX 591.10 ($7.72) on Thursday. The stock has a 50 day moving average price of GBX 623.28 and a two-hundred day moving average price of GBX 560.74. The firm has a market capitalization of $4.59 billion and a P/E ratio of 31.95. Meggitt has a 52 week low of GBX 456.10 ($5.96) and a 52 week high of GBX 646.60 ($8.45). The company has a debt-to-equity ratio of 50.95, a quick ratio of 0.83 and a current ratio of 1.57.

The firm also recently disclosed a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 5th were issued a GBX 5.55 ($0.07) dividend. This represents a dividend yield of 0.92%. The ex-dividend date was Thursday, September 5th. Meggitt’s dividend payout ratio (DPR) is currently 0.92%.

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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