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%.

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/11/insider-buying-meggitt-plc-lonmggt-insider-purchases-25-shares-of-stock.html.

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).

Insider Buying and Selling by Quarter for Meggitt plc (LON:MGGT)

Receive News & Ratings for Meggitt plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt plc and related companies with MarketBeat.com's FREE daily email newsletter.