Meggitt plc (MGGT) Insider Purchases £15,720 in Stock
Meggitt plc (LON:MGGT) insider Nancy Gioia bought 3,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of GBX 524 ($6.77) per share, with a total value of £15,720 ($20,302.21).
Shares of Meggitt plc (MGGT) traded down 2.09% during mid-day trading on Friday, hitting GBX 491.00. 2,159,306 shares of the stock traded hands. The stock’s market cap is GBX 3.80 billion. Meggitt plc has a 52 week low of GBX 407.40 and a 52 week high of GBX 520.00. The firm’s 50-day moving average is GBX 503.60 and its 200-day moving average is GBX 481.88.
The firm also recently announced a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be paid a dividend of GBX 5.05 ($0.07) per share. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 1.01%.
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A number of research firms have weighed in on MGGT. Liberum Capital reissued a “sell” rating and set a GBX 375 ($4.84) target price on shares of Meggitt plc in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 457 ($5.90) target price on shares of Meggitt plc in a research report on Thursday, June 22nd. Barclays PLC reissued an “overweight” rating and set a GBX 540 ($6.97) target price on shares of Meggitt plc in a research report on Monday, August 7th. Deutsche Bank AG decreased their target price on shares of Meggitt plc from GBX 470 ($6.07) to GBX 456 ($5.89) and set a “hold” rating for the company in a research report on Thursday, May 18th. Finally, J P Morgan Chase & Co increased their target price on shares of Meggitt plc from GBX 500 ($6.46) to GBX 505 ($6.52) and gave the company a “neutral” rating in a research report on Friday, May 19th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 469.77 ($6.07).
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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