Meggitt plc (LON:MGGT) insider Doug Webb purchased 24 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average cost of GBX 509 ($6.57) per share, for a total transaction of £122.16 ($157.77).
Shares of Meggitt plc (MGGT) traded up 1.69% on Tuesday, reaching GBX 512.00. The company’s stock had a trading volume of 1,470,882 shares. The stock’s market capitalization is GBX 3.96 billion. Meggitt plc has a 1-year low of GBX 407.40 and a 1-year high of GBX 520.00. The stock has a 50-day moving average of GBX 502.98 and a 200 day moving average of GBX 480.36.
The company also recently disclosed a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a GBX 5.05 ($0.07) dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, September 7th.
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Several research analysts recently issued reports on the company. J P Morgan Chase & Co lifted their price objective on Meggitt plc from GBX 500 ($6.46) to GBX 505 ($6.52) and gave the stock a “neutral” rating in a research report on Friday, May 19th. Liberum Capital restated a “sell” rating and set a GBX 375 ($4.84) price objective on shares of Meggitt plc in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 457 ($5.90) price objective on shares of Meggitt plc in a research report on Thursday, June 22nd. Deutsche Bank AG lifted their price objective on Meggitt plc from GBX 450 ($5.81) to GBX 460 ($5.94) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Finally, Barclays PLC restated an “overweight” rating on shares of Meggitt plc in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Meggitt plc has an average rating of “Hold” and an average 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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