Doug Webb Purchases 24 Shares of Meggitt plc (MGGT) Stock
Meggitt plc (LON:MGGT) insider Doug Webb purchased 24 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average price of GBX 509 ($6.57) per share, with a total value of £122.16 ($157.77).
Shares of Meggitt plc (LON:MGGT) opened at 505.50 on Thursday. Meggitt plc has a 12-month low of GBX 407.40 and a 12-month high of GBX 520.00. The firm’s market cap is GBX 3.91 billion. The company has a 50-day moving average of GBX 503.55 and a 200 day moving average of GBX 481.74.
The business also recently declared a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be given a dividend of GBX 5.05 ($0.07) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 7th.
Several research firms recently weighed in on MGGT. Deutsche Bank AG dropped their target price on shares of Meggitt plc from GBX 470 ($6.07) to GBX 456 ($5.89) and set a “hold” rating for the company in a report on Thursday, May 18th. J P Morgan Chase & Co lifted their target price on shares of Meggitt plc from GBX 500 ($6.46) to GBX 505 ($6.52) and gave the company a “neutral” rating in a report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 457 ($5.90) target price on shares of Meggitt plc in a report on Thursday, June 22nd. Liberum Capital reiterated a “sell” rating and issued a GBX 375 ($4.84) target price on shares of Meggitt plc in a report on Tuesday, July 4th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Meggitt plc in a report on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Meggitt plc currently has a consensus rating of “Hold” and an average price target of GBX 469.77 ($6.07).
Meggitt plc Company Profile
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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