Liberum Capital Reiterates “Sell” Rating for Meggitt (MGGT)

Liberum Capital reissued their sell rating on shares of Meggitt (LON:MGGT) in a report released on Tuesday, March 6th. Liberum Capital currently has a GBX 410 ($5.66) price objective on the stock.

Several other equities research analysts also recently issued reports on the company. Jefferies Group restated a buy rating on shares of Meggitt in a report on Monday, December 18th. Citigroup reiterated a neutral rating and issued a GBX 540 ($7.46) price target on shares of Meggitt in a report on Friday, January 26th. JPMorgan Chase & Co. lowered their price target on Meggitt from GBX 570 ($7.88) to GBX 560 ($7.74) and set an overweight rating for the company in a report on Wednesday, November 15th. Deutsche Bank lowered their price target on Meggitt from GBX 492 ($6.80) to GBX 462 ($6.38) and set a hold rating for the company in a report on Thursday, March 1st. Finally, Societe Generale boosted their price target on Meggitt from GBX 500 ($6.91) to GBX 505 ($6.98) and gave the company a hold rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 497.40 ($6.87).

Shares of Meggitt (LON MGGT) traded down GBX 0.60 ($0.01) during trading hours on Tuesday, reaching GBX 451.70 ($6.24). The company’s stock had a trading volume of 1,735,525 shares, compared to its average volume of 3,410,000. Meggitt has a 12-month low of GBX 430.90 ($5.95) and a 12-month high of GBX 530 ($7.32). The firm has a market cap of $3,530.00 and a price-to-earnings ratio of 1,557.59.

The business also recently disclosed a dividend, which will be paid on Friday, May 4th. Investors of record on Thursday, March 22nd will be paid a dividend of GBX 10.80 ($0.15) per share. This is an increase from Meggitt’s previous dividend of $5.05. This represents a yield of 2.39%. The ex-dividend date is Thursday, March 22nd.

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About Meggitt

Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).

Analyst Recommendations for Meggitt (LON:MGGT)

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