Meggitt plc (LON:MGGT) insider Stephen G. Young purchased 27 shares of Meggitt plc stock in a transaction that occurred on Monday, October 10th. The shares were bought at an average price of GBX 464 ($5.74) per share, with a total value of £125.28 ($155.05).
Shares of Meggitt plc (LON:MGGT) opened at 457.70 on Wednesday. Meggitt plc has a 12-month low of GBX 337.60 and a 12-month high of GBX 489.00. The stock’s market cap is GBX 3.54 billion. The company has a 50 day moving average price of GBX 465.27 and a 200 day moving average price of GBX 421.20.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 8th were paid a GBX 4.80 ($0.06) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 8th.
MGGT has been the subject of several recent research reports. Beaufort Securities reiterated a “buy” rating on shares of Meggitt plc in a research report on Wednesday, August 3rd. Deutsche Bank AG restated a “hold” rating on shares of Meggitt plc in a research report on Tuesday, August 16th. Berenberg Bank cut Meggitt plc to a “hold” rating and cut their price objective for the company from GBX 450 ($5.57) to GBX 440 ($5.45) in a research report on Monday, August 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 385 ($4.76) price objective on shares of Meggitt plc in a research report on Tuesday, July 5th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 430 ($5.32) price objective on shares of Meggitt plc in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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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