Insider Buying: Meggitt plc (LON:MGGT) Insider Purchases 25 Shares of Stock
Meggitt plc (LON:MGGT) insider Philip Ernest Green purchased 25 shares of the stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of GBX 498 ($6.49) per share, for a total transaction of £124.50 ($162.13).
Philip Ernest Green also recently made the following trade(s):
- On Monday, June 12th, Philip Ernest Green purchased 25 shares of Meggitt plc stock. The stock was purchased at an average cost of GBX 496 ($6.46) per share, for a total transaction of £124 ($161.48).
Shares of Meggitt plc (LON:MGGT) traded down 0.79% on Friday, hitting GBX 492.70. 417,112 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 494.22 and a 200 day moving average price of GBX 467.72. Meggitt plc has a 52-week low of GBX 407.40 and a 52-week high of GBX 517.50. The firm’s market cap is GBX 3.81 billion.
The business also recently declared a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be issued a dividend of GBX 5.05 ($0.07) per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 1.01%.
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A number of equities research analysts recently weighed in on the stock. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 500 ($6.51) target price on shares of Meggitt plc in a research note on Friday, April 21st. Liberum Capital reaffirmed a “sell” rating and issued a GBX 375 ($4.88) target price on shares of Meggitt plc in a research note on Thursday, April 27th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 540 ($7.03) target price on shares of Meggitt plc in a research note on Wednesday, May 3rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 500 ($6.51) target price on shares of Meggitt plc in a research note on Friday, May 12th. Finally, Deutsche Bank AG lowered their target price on shares of Meggitt plc from GBX 470 ($6.12) to GBX 456 ($5.94) and set a “hold” rating on the stock in a research note on Thursday, May 18th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 454.43 ($5.92).
About Meggitt plc
Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).
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