Morgan Stanley reaffirmed their overweight rating on shares of Meggitt (OTCMKTS:MEGGF) in a report published on Tuesday morning, The Fly reports.
A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. reiterated a neutral rating on shares of Meggitt in a research report on Monday, June 29th. Berenberg Bank reiterated a hold rating on shares of Meggitt in a research report on Monday. Finally, Citigroup raised Meggitt from a neutral rating to a buy rating in a research note on Friday, March 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Meggitt currently has an average rating of Hold.
MEGGF opened at $3.90 on Tuesday. Meggitt has a 1 year low of $2.56 and a 1 year high of $9.10. The stock’s 50 day simple moving average is $3.86 and its 200-day simple moving average is $5.58.
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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