Stephen G. Young Acquires 27 Shares of Meggitt plc (MGGT) Stock
Meggitt plc (LON:MGGT) insider Stephen G. Young acquired 27 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were bought at an average cost of GBX 464 ($5.74) per share, with a total value of £125.28 ($155.05).
Shares of Meggitt plc (LON:MGGT) opened at 464.60 on Tuesday. The stock’s market cap is GBX 3.60 billion. The company’s 50-day moving average is GBX 465.56 and its 200-day moving average is GBX 421.09. Meggitt plc has a 1-year low of GBX 337.60 and a 1-year high of GBX 498.40.
The firm also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 4.80 ($0.06) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
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Several research analysts have recently weighed in on MGGT shares. Beaufort Securities reissued a “buy” rating on shares of Meggitt plc in a report on Friday, June 24th. Berenberg Bank reissued a “buy” rating and set a GBX 450 ($5.57) price objective on shares of Meggitt plc in a report on Tuesday, July 19th. Morgan Stanley boosted their price objective on shares of Meggitt plc from GBX 435 ($5.38) to GBX 450 ($5.57) and gave the company an “equal weight” rating in a report on Thursday, August 4th. Liberum Capital reissued a “hold” rating and set a GBX 390 ($4.83) price objective on shares of Meggitt plc in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG cut their target price on shares of Meggitt plc from GBX 376 ($4.65) to GBX 370 ($4.58) and set a “hold” rating for the company in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Meggitt plc has an average rating of “Hold” and a consensus target price of GBX 434.95 ($5.38).
Meggitt plc Company Profile
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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