Meggitt plc (MGGT) Insider Nigel Rudd Purchases 1,050 Shares
Meggitt plc (LON:MGGT) insider Nigel Rudd acquired 1,050 shares of the stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of GBX 454 ($5.67) per share, with a total value of £4,767 ($5,955.77).
Shares of Meggitt plc (LON:MGGT) opened at 454.80 on Tuesday. The stock’s market cap is GBX 3.52 billion. The firm’s 50-day moving average price is GBX 447.66 and its 200-day moving average price is GBX 429.77. Meggitt plc has a 52-week low of GBX 342.40 and a 52-week high of GBX 485.10.
Several analysts have recently commented on MGGT shares. JPMorgan Chase & Co. lowered their price objective on Meggitt plc from GBX 470 ($5.87) to GBX 465 ($5.81) and set a ” neutral” rating for the company in a research note on Wednesday, November 16th. Beaufort Securities reaffirmed a “buy” rating on shares of Meggitt plc in a research report on Wednesday, August 3rd. Morgan Stanley increased their price target on Meggitt plc from GBX 435 ($5.43) to GBX 450 ($5.62) and gave the company an “equal weight” rating in a research report on Thursday, August 4th. Societe Generale reaffirmed a “hold” rating and set a GBX 438 ($5.47) price target on shares of Meggitt plc in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG decreased their price target on Meggitt plc from GBX 376 ($4.70) to GBX 370 ($4.62) and set a “hold” rating for the company in a research report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Meggitt plc currently has an average rating of “Hold” and a consensus price target of GBX 435.47 ($5.44).
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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