Meggitt plc’s (MGGT) Neutral Rating Reiterated at BNP Paribas

Meggitt plc’s (MGGT) Neutral Rating Reiterated at BNP Paribas

Meggitt plc (LON:MGGT)‘s stock had its “neutral” rating reissued by equities researchers at BNP Paribas in a note issued to investors on Friday. They presently have a GBX 430 ($5.36) price target on the stock. BNP Paribas’ target price indicates a potential upside of 0.40% from the stock’s current price.

MGGT has been the subject of several other reports. Deutsche Bank AG lifted their price target on shares of Meggitt plc from GBX 370 ($4.61) to GBX 460 ($5.73) and gave the company a “hold” rating in a report on Monday, December 5th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 520 ($6.48) price target on shares of Meggitt plc in a report on Thursday, October 20th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 400 ($4.98) price target on shares of Meggitt plc in a report on Monday, January 30th. J P Morgan Chase & Co decreased their price target on shares of Meggitt plc from GBX 470 ($5.85) to GBX 465 ($5.79) and set a ” neutral” rating for the company in a report on Wednesday, November 16th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 463 ($5.77) price target on shares of Meggitt plc in a report on Wednesday, December 7th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 444 ($5.53).

Meggitt plc (LON:MGGT) opened at 430.30 on Friday. The stock’s market capitalization is GBX 3.33 billion. Meggitt plc has a one year low of GBX 342.40 and a one year high of GBX 485.10. The firm has a 50-day moving average of GBX 455.25 and a 200-day moving average of GBX 451.85.

In other news, insider Nigel Rudd bought 1,050 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were acquired at an average cost of GBX 454 ($5.66) per share, with a total value of £4,767 ($5,937.97). Over the last three months, insiders bought 1,104 shares of company stock worth $501,652.

About Meggitt plc

Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.

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