MEGGITT PLC/ADR (OTCMKTS:MEGGY) Given Consensus Rating of “Hold” by Analysts

Shares of MEGGITT PLC/ADR (OTCMKTS:MEGGY) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts have recently issued reports on the company. Societe Generale lowered MEGGITT PLC/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Goldman Sachs Group upgraded MEGGITT PLC/ADR from a “neutral” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, ValuEngine lowered MEGGITT PLC/ADR from a “hold” rating to a “sell” rating in a report on Friday, October 11th.

Shares of MEGGITT PLC/ADR stock remained flat at $$15.20 during trading on Friday. MEGGITT PLC/ADR has a 52-week low of $11.51 and a 52-week high of $15.59. The firm’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $14.10.

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, September 6th will be issued a dividend of $0.119 per share. The ex-dividend date of this dividend is Thursday, September 5th.

About MEGGITT PLC/ADR

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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