Meggitt plc (OTCMKTS:MEGGF) Given Average Recommendation of “Hold” by Brokerages

Meggitt plc (OTCMKTS:MEGGF) has received an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company.

Several research analysts have commented on the company. Berenberg Bank reaffirmed a “hold” rating on shares of Meggitt in a report on Monday. Citigroup raised Meggitt from a “neutral” rating to a “buy” rating in a report on Friday, March 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Meggitt in a report on Tuesday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Meggitt in a research report on Monday, June 29th.

MEGGF traded down $0.31 during midday trading on Tuesday, hitting $3.98. 840 shares of the company were exchanged, compared to its average volume of 11,464. Meggitt has a 1-year low of $2.56 and a 1-year high of $9.10. The firm’s 50 day moving average price is $3.83 and its 200-day moving average price is $5.65.

Meggitt Company Profile

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 (OTCMKTS:MEGGF)

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