Deutsche Bank reaffirmed their hold rating on shares of Meggitt (LON:MGGT) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also weighed in on MGGT. Jefferies Financial Group reaffirmed a buy rating and set a GBX 635 ($8.30) target price on shares of Meggitt in a research report on Wednesday, February 6th. HSBC started coverage on Meggitt in a research report on Tuesday, February 12th. They set a buy rating and a GBX 645 ($8.43) target price on the stock. UBS Group reaffirmed a sell rating on shares of Meggitt in a research report on Wednesday, February 27th. JPMorgan Chase & Co. lowered Meggitt to a neutral rating and lowered their target price for the stock from GBX 610 ($7.97) to GBX 585 ($7.64) in a research report on Thursday, February 28th. Finally, Berenberg Bank upped their target price on Meggitt from GBX 570 ($7.45) to GBX 610 ($7.97) and gave the stock a buy rating in a research report on Wednesday, February 27th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Meggitt currently has a consensus rating of Hold and an average target price of GBX 571.13 ($7.46).
Shares of LON:MGGT opened at GBX 521.60 ($6.82) on Monday. The company has a current ratio of 1.80, a quick ratio of 1.01 and a debt-to-equity ratio of 50.39. Meggitt has a twelve month low of GBX 456.10 ($5.96) and a twelve month high of GBX 583.80 ($7.63). The company has a market cap of $4.09 billion and a PE ratio of 22.88.
The business also recently declared a dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 21st were issued a dividend of GBX 11.35 ($0.15) per share. The ex-dividend date was Thursday, March 21st. This represents a yield of 2.01%. This is an increase from Meggitt’s previous dividend of $5.30. Meggitt’s dividend payout ratio is 0.75%.
In related news, insider Marina Thomas sold 3,813 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of GBX 524 ($6.85), for a total transaction of £19,980.12 ($26,107.57). Also, insider Tony Wood purchased 227 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of GBX 546 ($7.13) per share, with a total value of £1,239.42 ($1,619.52). Insiders have purchased 282 shares of company stock valued at $153,145 in the last quarter.
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.
Read More: Compound Interest and Why It Matters When Investing
Receive News & Ratings for Meggitt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt and related companies with MarketBeat.com's FREE daily email newsletter.