Meggitt plc (MGGT) Insider Acquires £123.50 in Stock

Meggitt plc (LON:MGGT) insider Doug Webb purchased 26 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average cost of GBX 475 ($6.44) per share, for a total transaction of £123.50 ($167.48).

Shares of Meggitt plc (LON MGGT) opened at GBX 488 ($6.62) on Friday. The firm has a market cap of $3,790.00 and a price-to-earnings ratio of 1,318.92. Meggitt plc has a one year low of GBX 407.40 ($5.52) and a one year high of GBX 530 ($7.19).

Several brokerages have recently issued reports on MGGT. Liberum Capital raised their price target on shares of Meggitt from GBX 375 ($5.09) to GBX 410 ($5.56) and gave the stock a “sell” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. reduced their price objective on shares of Meggitt from GBX 550 ($7.46) to GBX 540 ($7.32) and set an “overweight” rating for the company in a research note on Friday, January 5th. Jefferies Group reiterated a “buy” rating on shares of Meggitt in a research note on Monday, December 18th. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Meggitt in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Meggitt has a consensus rating of “Hold” and a consensus target price of GBX 495.70 ($6.72).

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Meggitt 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).

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

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