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.

Insider Buying and Selling by Quarter for Meggitt plc (LON:MGGT)

COPYRIGHT VIOLATION WARNING: This report was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/06/20/insider-selling-meggitt-plc-mggt-insider-sells-81308-58-in-stock-updated-updated-updated.html.

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).

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.