Meggitt (MGGT) Stock Rating Reaffirmed by Citigroup

Citigroup restated their buy rating on shares of Meggitt (LON:MGGT) in a research note published on Monday morning.

Several other equities analysts have also recently weighed in on the stock. HSBC started coverage on shares of Meggitt in a research report on Tuesday, February 12th. They set a buy rating and a GBX 645 ($8.43) price objective on the stock. Deutsche Bank lifted their price objective on shares of Meggitt from GBX 515 ($6.73) to GBX 580 ($7.58) and gave the stock a hold rating in a research report on Tuesday, December 4th. Goldman Sachs Group lifted their price objective on shares of Meggitt from GBX 600 ($7.84) to GBX 622 ($8.13) and gave the stock a neutral rating in a research report on Friday, December 21st. UBS Group reiterated a sell rating on shares of Meggitt in a research report on Wednesday, February 27th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 635 ($8.30) price target on shares of Meggitt in a report on Wednesday, February 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 562.78 ($7.35).

LON MGGT opened at GBX 528.20 ($6.90) on Monday. Meggitt has a twelve month low of GBX 415.50 ($5.43) and a twelve month high of GBX 583.80 ($7.63). The company has a debt-to-equity ratio of 50.39, a quick ratio of 1.05 and a current ratio of 1.80. The company has a market cap of $4.08 billion and a price-to-earnings ratio of 23.17.

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be issued a dividend of GBX 11.35 ($0.15) per share. This is a boost from Meggitt’s previous dividend of $5.30. This represents a dividend yield of 2.01%. The ex-dividend date is Thursday, March 21st. Meggitt’s payout ratio is currently 0.75%.

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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