Stephen G. Young Purchases 24 Shares of Meggitt plc (MGGT) Stock
Meggitt plc (LON:MGGT) insider Stephen G. Young purchased 24 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were acquired at an average price of GBX 520 ($6.84) per share, with a total value of £124.80 ($164.08).
Shares of Meggitt plc (LON MGGT) traded down 0.19% during trading on Wednesday, hitting GBX 519.00. 1,178,924 shares of the company were exchanged. The stock’s market capitalization is GBX 4.02 billion. Meggitt plc has a 1-year low of GBX 407.40 and a 1-year high of GBX 530.00. The company has a 50 day moving average of GBX 510.59 and a 200-day moving average of GBX 490.21.
The firm also recently disclosed a dividend, which was paid on Friday, September 29th. Investors of record on Thursday, September 7th were issued a GBX 5.05 ($0.07) dividend. The ex-dividend date was Thursday, September 7th. This represents a yield of 1.01%.
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A number of research firms have issued reports on MGGT. Liberum Capital reaffirmed a “sell” rating and set a GBX 375 ($4.93) price objective on shares of Meggitt plc in a report on Monday, October 2nd. Deutsche Bank AG lifted their price objective on shares of Meggitt plc from GBX 450 ($5.92) to GBX 460 ($6.05) and gave the stock a “hold” rating in a report on Thursday, August 31st. Jefferies Group LLC raised shares of Meggitt plc to a “buy” rating and lifted their price objective for the stock from GBX 500 ($6.57) to GBX 600 ($7.89) in a report on Wednesday, August 23rd. J P Morgan Chase & Co lifted their price objective on shares of Meggitt plc from GBX 500 ($6.57) to GBX 600 ($7.89) and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 540 ($7.10) price objective on shares of Meggitt plc in a report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Meggitt plc presently has a consensus rating of “Hold” and a consensus target price of GBX 473.08 ($6.22).
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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