Meggitt (OTCMKTS:MEGGF) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Meggitt (OTCMKTS:MEGGF) in a research report released on Tuesday morning, The Fly reports. The brokerage issued a neutral rating and a $8.00 target price on the stock.

A number of other brokerages also recently weighed in on MEGGF. Exane BNP Paribas downgraded shares of Meggitt from an outperform rating to a neutral rating in a research report on Wednesday, August 4th. Sanford C. Bernstein cut shares of Meggitt from an outperform rating to a market perform rating and set a $8.00 price objective for the company. in a research note on Friday, August 6th. HSBC cut shares of Meggitt from a buy rating to a hold rating in a research note on Tuesday, August 10th. Berenberg Bank cut shares of Meggitt from a buy rating to a hold rating in a research note on Tuesday, August 3rd. Finally, Societe Generale reissued a hold rating on shares of Meggitt in a research note on Friday, August 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $7.47.

OTCMKTS MEGGF opened at $9.81 on Tuesday. The company has a fifty day moving average of $10.06 and a 200 day moving average of $8.85. Meggitt has a 1 year low of $5.14 and a 1 year high of $12.10.

About Meggitt

Meggitt Plc is a holding company, which engages in the designs and manufacture of components and sub-systems for aerospace, defence, and energy markets. It operates through the following segments: Meggitt Aircraft Braking Systems; Meggitt Control Systems; Meggitt Polymers and Composites; Meggitt Sensing Systems; and Meggitt Equipment Group.

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Analyst Recommendations for Meggitt (OTCMKTS:MEGGF)

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