Meggitt plc (MGGT) Insider Purchases £123.12 in Stock

Meggitt plc (LON:MGGT) insider Philip Ernest Green acquired 27 shares of Meggitt stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of GBX 456 ($6.30) per share, for a total transaction of £123.12 ($170.10).

Philip Ernest Green also recently made the following trade(s):

  • On Monday, December 11th, Philip Ernest Green acquired 25 shares of Meggitt stock. The shares were bought at an average price of GBX 491 ($6.78) per share, for a total transaction of £122.75 ($169.59).

Meggitt plc (LON MGGT) traded down GBX 1.30 ($0.02) during mid-day trading on Tuesday, reaching GBX 451.60 ($6.24). The company’s stock had a trading volume of 2,916,279 shares, compared to its average volume of 2,470,000. The firm has a market capitalization of $3,540.00 and a PE ratio of 1,220.54. Meggitt plc has a one year low of GBX 407.40 ($5.63) and a one year high of GBX 530 ($7.32).

A number of brokerages recently commented on MGGT. Jefferies Group reiterated a “buy” rating on shares of Meggitt in a research report on Monday, December 18th. JPMorgan Chase & Co. reduced their price objective on Meggitt from GBX 560 ($7.74) to GBX 550 ($7.60) and set an “overweight” rating on the stock in a research report on Wednesday, November 22nd. Liberum Capital reiterated a “sell” rating and set a GBX 375 ($5.18) price objective on shares of Meggitt in a research report on Tuesday, November 14th. Deutsche Bank reiterated a “hold” rating and set a GBX 492 ($6.80) price objective on shares of Meggitt in a research report on Wednesday, February 7th. Finally, Citigroup reiterated a “neutral” rating and set a GBX 540 ($7.46) price objective on shares of Meggitt in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 511 ($7.06).

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About Meggitt

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 (LON:MGGT)

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