Meggitt plc (MGGT) Insider Doug Webb Acquires 26 Shares of Stock

Meggitt plc (LON:MGGT) insider Doug Webb bought 26 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was bought at an average price 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 479.30 ($6.50) on Friday. Meggitt plc has a 12 month low of GBX 407.40 ($5.52) and a 12 month high of GBX 530 ($7.19). The firm has a market cap of $3,720.00 and a PE ratio of 1,295.41.

A number of equities research analysts have recently issued reports on MGGT shares. Credit Suisse Group restated an “underperform” rating on shares of Meggitt in a research note on Tuesday, October 24th. Liberum Capital reiterated a “sell” rating and set a GBX 375 ($5.09) price objective on shares of Meggitt in a research note on Tuesday, November 14th. JPMorgan Chase & Co. dropped their price objective on shares of Meggitt from GBX 550 ($7.46) to GBX 540 ($7.32) and set an “overweight” rating on the stock in a research note on Friday, January 5th. Finally, Jefferies Group reiterated a “buy” rating on shares of Meggitt in a research note on Monday, December 18th. Two 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 stock currently has a consensus rating of “Hold” and a consensus target price of GBX 492.20 ($6.67).

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About Meggitt

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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