Insider Buying: Meggitt plc (MGGT) Insider Purchases 28 Shares of Stock
Meggitt plc (LON:MGGT) insider Philip Ernest Green acquired 28 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The shares were purchased at an average cost of GBX 451 ($5.48) per share, for a total transaction of £126.28 ($153.57).
Philip Ernest Green also recently made the following trade(s):
- On Monday, December 12th, Philip Ernest Green acquired 26 shares of Meggitt plc stock. The shares were purchased at an average cost of GBX 474 ($5.76) per share, for a total transaction of £123.24 ($149.87).
- On Thursday, November 10th, Philip Ernest Green acquired 27 shares of Meggitt plc stock. The shares were purchased at an average cost of GBX 465 ($5.65) per share, for a total transaction of £125.55 ($152.68).
Shares of Meggitt plc (LON:MGGT) traded down 0.84% during midday trading on Wednesday, reaching GBX 449.00. 2,364,412 shares of the company’s stock were exchanged. The stock’s market cap is GBX 3.48 billion. The company’s 50-day moving average is GBX 465.42 and its 200-day moving average is GBX 447.05. Meggitt plc has a one year low of GBX 342.40 and a one year high of GBX 485.10.
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Several analysts recently commented on MGGT shares. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 445 ($5.41) price objective on shares of Meggitt plc in a research report on Wednesday, September 14th. Credit Suisse Group reissued an “underperform” rating on shares of Meggitt plc in a research report on Monday, October 3rd. Panmure Gordon reissued a “sell” rating and set a GBX 325 ($3.95) price objective on shares of Meggitt plc in a research report on Friday, October 7th. Deutsche Bank AG reissued a “hold” rating and set a GBX 370 ($4.50) price objective on shares of Meggitt plc in a research report on Thursday, October 13th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 520 ($6.32) price objective on shares of Meggitt plc in a research report on Thursday, October 20th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 440.47 ($5.36).
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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