Nigel Rudd Buys 1,500 Shares of Meggitt plc (MGGT) Stock
Meggitt plc (LON:MGGT) insider Nigel Rudd purchased 1,500 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of GBX 477 ($6.27) per share, for a total transaction of £7,155 ($9,410.76).
Shares of Meggitt plc (LON:MGGT) opened at GBX 487.70 ($6.41) on Thursday. Meggitt plc has a 52-week low of GBX 407.40 ($5.36) and a 52-week high of GBX 530 ($6.97).
Several research analysts recently weighed in on the company. J P Morgan Chase & Co dropped their target price on Meggitt plc from GBX 560 ($7.37) to GBX 550 ($7.23) and set an “overweight” rating on the stock in a research note on Wednesday. Liberum Capital restated a “sell” rating and set a GBX 375 ($4.93) target price on shares of Meggitt plc in a research note on Monday, October 2nd. Deutsche Bank AG boosted their target price on Meggitt plc from GBX 450 ($5.92) to GBX 460 ($6.05) and gave the stock a “hold” rating in a research note on Thursday, August 31st. Barclays PLC restated an “overweight” rating and set a GBX 540 ($7.10) target price on shares of Meggitt plc in a research note on Monday, August 7th. Finally, Jefferies Group LLC upgraded Meggitt plc to a “buy” rating and boosted their target price for the stock from GBX 500 ($6.58) to GBX 600 ($7.89) in a research note on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Meggitt plc has a consensus rating of “Hold” and a consensus price target of GBX 468.92 ($6.17).
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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