Meggitt plc (MGGT) Insider Doug Webb Sells 16,869 Shares
Meggitt plc (LON:MGGT) insider Doug Webb sold 16,869 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 482 ($6.14), for a total value of £81,308.58 ($103,591.01).
Meggitt plc (LON MGGT) traded up 0.79% during midday trading on Tuesday, hitting GBX 508.00. The stock had a trading volume of 2,524,622 shares. The stock’s market capitalization is GBX 3.93 billion. The company’s 50 day moving average price is GBX 491.12 and its 200-day moving average price is GBX 458.80. Meggitt plc has a 52 week low of GBX 361.80 and a 52 week high of GBX 510.50.
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A number of research analysts have recently commented on the company. Liberum Capital cut their price target on Meggitt plc from GBX 400 ($5.10) to GBX 360 ($4.59) and set a “sell” rating for the company in a report on Monday, February 20th. J P Morgan Chase & Co upped their price target on Meggitt plc from GBX 470 ($5.99) to GBX 500 ($6.37) and gave the stock a “neutral” rating in a report on Wednesday, March 1st. Citigroup Inc. boosted their price objective on Meggitt plc from GBX 410 ($5.22) to GBX 500 ($6.37) and gave the company a “neutral” rating in a research report on Thursday, March 2nd. Berenberg Bank boosted their price objective on Meggitt plc from GBX 440 ($5.61) to GBX 490 ($6.24) and gave the company a “hold” rating in a research report on Friday, March 10th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 540 ($6.88) price objective on shares of Meggitt plc in a research report on Monday, March 20th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 450.80 ($5.74).
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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