Insider Buying: Meggitt plc (MGGT) Insider Buys £7,155 in Stock
Meggitt plc (LON:MGGT) insider Nigel Rudd purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of GBX 477 ($6.27) per share, for a total transaction of £7,155 ($9,410.76).
Shares of Meggitt plc (LON:MGGT) opened at GBX 486 ($6.39) on Friday. Meggitt plc has a fifty-two week low of GBX 407.40 ($5.36) and a fifty-two week high of GBX 530 ($6.97).
COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/11/23/insider-buying-meggitt-plc-mggt-insider-buys-7155-in-stock.html.
A number of research analysts have commented on the stock. J P Morgan Chase & Co dropped their price objective on shares of Meggitt plc from GBX 560 ($7.37) to GBX 550 ($7.23) and set an “overweight” rating on the stock in a research note on Wednesday. Liberum Capital restated a “sell” rating and issued a GBX 375 ($4.93) price objective on shares of Meggitt plc in a research note on Tuesday, November 14th. Barclays PLC restated an “overweight” rating and issued a GBX 540 ($7.10) price objective on shares of Meggitt plc in a research note on Monday, August 7th. Deutsche Bank AG dropped their price objective on shares of Meggitt plc from GBX 460 ($6.05) to GBX 450 ($5.92) and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC upgraded shares of Meggitt plc to a “buy” rating and lifted their price objective for the company from GBX 500 ($6.58) to GBX 600 ($7.89) in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Meggitt plc has an average rating of “Hold” and a consensus target price of GBX 468.92 ($6.17).
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).
Receive News & Ratings for Meggitt plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meggitt plc and related companies with MarketBeat.com's FREE daily email newsletter.