Doug Webb Purchases 29 Shares of Meggitt plc (MGGT) Stock
Meggitt plc (LON:MGGT) insider Doug Webb acquired 29 shares of the business’s stock in a transaction on Monday, November 12th. The stock was acquired at an average price of GBX 519 ($6.78) per share, with a total value of £150.51 ($196.67).
Shares of LON MGGT traded up GBX 13.40 ($0.18) during midday trading on Tuesday, reaching GBX 531 ($6.94). 2,592,437 shares of the stock were exchanged, compared to its average volume of 3,380,000. Meggitt plc has a twelve month low of GBX 430.90 ($5.63) and a twelve month high of GBX 530 ($6.93).
MGGT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Meggitt from GBX 645 ($8.43) to GBX 670 ($8.75) and gave the company an “overweight” rating in a report on Wednesday, August 8th. Credit Suisse Group increased their price objective on shares of Meggitt from GBX 365 ($4.77) to GBX 450 ($5.88) and gave the company an “underperform” rating in a report on Wednesday, August 8th. Deutsche Bank increased their price objective on shares of Meggitt from GBX 482 ($6.30) to GBX 515 ($6.73) and gave the company a “hold” rating in a report on Friday, August 10th. Barclays downgraded shares of Meggitt to an “equal weight” rating and set a GBX 550 ($7.19) price objective for the company. in a report on Monday, August 13th. Finally, Goldman Sachs Group raised their price target on shares of Meggitt from GBX 575 ($7.51) to GBX 586 ($7.66) and gave the stock a “neutral” rating in a report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 532 ($6.95).
Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.
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