Insider Buying: Meggitt plc (MGGT) Insider Acquires 25 Shares of Stock
Meggitt plc (LON:MGGT) insider Philip Ernest Green acquired 25 shares of Meggitt stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of GBX 491 ($6.61) per share, for a total transaction of £122.75 ($165.21).
Philip Ernest Green also recently made the following trade(s):
- On Friday, November 10th, Philip Ernest Green acquired 26 shares of Meggitt stock. The stock was purchased at an average price of GBX 493 ($6.64) per share, for a total transaction of £128.18 ($172.52).
Shares of Meggitt plc (MGGT) traded down GBX 4.10 ($0.06) during midday trading on Tuesday, hitting GBX 486 ($6.54). 1,000,382 shares of the company traded hands, compared to its average volume of 1,950,000. Meggitt plc has a 12-month low of GBX 407.40 ($5.48) and a 12-month high of GBX 530 ($7.13).
Several equities research analysts recently commented on the stock. Jefferies Group upgraded shares of Meggitt to a “buy” rating and lifted their price target for the stock from GBX 500 ($6.73) to GBX 600 ($8.08) in a research note on Wednesday, August 23rd. J P Morgan Chase & Co raised their price objective on shares of Meggitt from GBX 500 ($6.73) to GBX 600 ($8.08) and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Deutsche Bank raised their price objective on shares of Meggitt from GBX 450 ($6.06) to GBX 460 ($6.19) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Liberum Capital reissued a “sell” rating and set a GBX 375 ($5.05) price objective on shares of Meggitt in a research report on Monday, October 2nd. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Meggitt in a research report on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 468.92 ($6.31).
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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