MEGGITT PLC/ADR (OTCMKTS:MEGGY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of MEGGITT PLC/ADR (OTCMKTS:MEGGY) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Meggitt Plc designs and manufactures components and sub-systems for aerospace and defense markets and applies its core sensing and control technologies to hydro, steam and gas turbo machinery generators, oil and gas applications and the medical, mainstream industrial, test engineering and transportation sectors. It operating segments includes Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and Meggitt Equipment Group. Meggitt Plc is headquartered in Christchurch, the United Kingdom. “

MEGGY has been the topic of a number of other research reports. Societe Generale lowered shares of MEGGITT PLC/ADR from a hold rating to a sell rating in a research report on Thursday, April 23rd. ValuEngine raised MEGGITT PLC/ADR from a sell rating to a hold rating in a report on Friday, June 5th.

MEGGY opened at $7.22 on Tuesday. The company’s 50 day moving average is $7.17 and its 200-day moving average is $11.43. The company has a market cap of $2.82 billion, a P/E ratio of 7.68 and a beta of 1.71. MEGGITT PLC/ADR has a 1-year low of $4.70 and a 1-year high of $18.01. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.34.

MEGGITT PLC/ADR 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.

Further Reading: Market Indexes

Get a free copy of the Zacks research report on MEGGITT PLC/ADR (MEGGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MEGGITT PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MEGGITT PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.