Stephen G. Young Acquires 27 Shares of Meggitt plc (MGGT) Stock
Meggitt plc (LON:MGGT) insider Stephen G. Young acquired 27 shares of Meggitt plc stock in a transaction on Monday, October 10th. The stock was purchased 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 464.60 on Tuesday. Meggitt plc has a 52-week low of GBX 337.60 and a 52-week high of GBX 498.40. The stock’s 50 day moving average is GBX 465.56 and its 200 day moving average is GBX 421.09. The stock’s market cap is GBX 3.60 billion.
The business also recently disclosed a dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 8th were issued a dividend of GBX 4.80 ($0.06) per share. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 1.14%.
MGGT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 405 ($5.01) price objective on shares of Meggitt plc in a research report on Wednesday, June 15th. Beaufort Securities reaffirmed a “buy” rating on shares of Meggitt plc in a research report on Friday, June 24th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 376 ($4.65) price objective (down from GBX 380 ($4.70)) on shares of Meggitt plc in a research report on Friday, June 24th. Goldman Sachs Group Inc. reduced their price objective on shares of Meggitt plc from GBX 406 ($5.02) to GBX 402 ($4.98) and set a “neutral” rating for the company in a research report on Monday, June 27th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a GBX 420 ($5.20) price objective on shares of Meggitt plc in a research report on Wednesday, July 13th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 434.95 ($5.38).
About Meggitt plc
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.