Meggitt plc (LON:MGGT) had its price objective dropped by research analysts at BNP Paribas from GBX 400 ($5.70) to GBX 370 ($5.27) in a research report issued on Tuesday, Market Beat Ratings reports. The brokerage currently has a “neutral” rating on the stock. BNP Paribas’ price target points to a potential upside of 3.06% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. AlphaValue cut shares of Meggitt plc to an “add” rating and set a GBX 410 ($5.84) target price for the company. in a research report on Friday, December 11th. Haitong Securities reiterated a “buy” rating and issued a GBX 550 ($7.84) target price on shares of Meggitt plc in a research report on Thursday, October 15th. Investec restated a “buy” rating and set a GBX 580 ($8.26) price objective on shares of Meggitt plc in a research report on Friday, October 16th. Finally, Haitong Research restated a “buy” rating and set a GBX 450 ($6.41) price objective on shares of Meggitt plc in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Meggitt plc currently has an average rating of “Hold” and an average price target of GBX 471.23 ($6.71).

In other news, insider Young,Stephen G acquired 100,000 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average cost of GBX 353 ($5.03) per share, for a total transaction of £353,000 ($502,920.64). Also, insider Day,Colin R acquired 25,000 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average price of GBX 384 ($5.47) per share, for a total transaction of £96,000 ($136,771.62).

Meggitt plc (LON:MGGT) traded down 0.14% during midday trading on Tuesday, reaching GBX 359.20. 2,557,337 shares of the company’s stock traded hands. Meggitt plc has a 1-year low of GBX 337.60 and a 1-year high of GBX 593.50. The firm’s 50-day moving average is GBX 362.92 and its 200-day moving average is GBX 429.70. The company’s market capitalization is GBX 2.85 billion.

Meggitt PLC is a United Kingdom-based engineering company. The Company is engaged in designing and manufacturing of components and sub-systems providing functionality in applications within civil aerospace, military and energy markets. The Company manages its businesses under the key segments of Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems; Meggitt Control Systems is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems; Meggitt Polymers & Composites is engaged in fuel containment, engineered aircraft sealing solutions and technical polymers, electro-thermal ice protection and composite structures and assemblies; Meggit Sensing Systems is a provider of sensing and condition-monitoring solutions for rotating machinery and other assets.

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