Meggitt plc (LON:MGGT) insider Stephen G. Young purchased 27 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were bought at an average cost of GBX 464 ($5.74) per share, with a total value of £125.28 ($155.05).
Shares of Meggitt plc (LON:MGGT) opened at 452.20 on Thursday. Meggitt plc has a 12-month low of GBX 337.60 and a 12-month high of GBX 489.00. The firm’s market cap is GBX 3.50 billion. The company has a 50 day moving average of GBX 465.04 and a 200-day moving average of GBX 421.42.
The company also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were given a GBX 4.80 ($0.06) dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
Several equities analysts recently commented on the stock. Canaccord Genuity upped their price target on shares of Meggitt plc from GBX 368 ($4.55) to GBX 370 ($4.58) and gave the stock a “sell” rating in a research report on Tuesday, August 9th. Panmure Gordon reissued a “sell” rating on shares of Meggitt plc in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. increased their price objective on shares of Meggitt plc from GBX 385 ($4.76) to GBX 395 ($4.89) and gave the stock an “underweight” rating in a research report on Wednesday, August 3rd. Deutsche Bank AG dropped their price objective on shares of Meggitt plc from GBX 376 ($4.65) to GBX 370 ($4.58) and set a “hold” rating for the company in a research report on Wednesday, August 3rd. Finally, Societe Generale reissued a “hold” rating and issued a GBX 438 ($5.42) price objective on shares of Meggitt plc in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 434.95 ($5.38).
Meggitt plc Company Profile
Meggitt PLC is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems.
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