Meggitt’s (MEGGF) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

Meggitt (OTCMKTS:MEGGF)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, The Fly reports.

Other equities analysts have also issued reports about the company. Goldman Sachs Group lowered Meggitt from a “buy” rating to a “neutral” rating in a research note on Thursday, March 5th. Berenberg Bank restated a “hold” rating on shares of Meggitt in a research note on Monday, April 27th. Finally, Citigroup upgraded Meggitt from a “neutral” rating to a “buy” rating in a research note on Friday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Meggitt presently has a consensus rating of “Hold”.

Shares of MEGGF opened at $3.57 on Monday. The stock’s 50-day simple moving average is $3.71 and its 200 day simple moving average is $5.78. Meggitt has a 52-week low of $2.56 and a 52-week high of $9.10.

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 (OTCMKTS:MEGGF)

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