Nigel Rudd Buys 4,600 Shares of Meggitt PLC (MGGT) Stock

Meggitt PLC (LON:MGGT) insider Nigel Rudd bought 4,600 shares of Meggitt stock in a transaction on Friday, April 6th. The shares were bought at an average cost of GBX 423 ($5.94) per share, with a total value of £19,458 ($27,313.31).

Shares of LON MGGT opened at GBX 427 ($5.99) on Friday. Meggitt PLC has a 12 month low of GBX 430.90 ($6.05) and a 12 month high of GBX 530 ($7.44).

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The firm also recently disclosed a dividend, which will be paid on Friday, May 4th. Stockholders of record on Thursday, March 22nd will be issued a dividend of GBX 10.80 ($0.15) per share. This is a positive change from Meggitt’s previous dividend of $5.05. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a dividend yield of 2.39%.

A number of research analysts have weighed in on the company. Liberum Capital lifted their target price on Meggitt from GBX 375 ($5.26) to GBX 410 ($5.76) and gave the company a “sell” rating in a report on Friday, January 12th. Societe Generale lifted their target price on Meggitt from GBX 500 ($7.02) to GBX 505 ($7.09) and gave the company a “hold” rating in a report on Wednesday, February 28th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 492 ($6.91) target price on shares of Meggitt in a report on Wednesday, February 7th. Citigroup reaffirmed a “neutral” rating and set a GBX 540 ($7.58) target price on shares of Meggitt in a report on Friday, January 26th. Finally, Credit Suisse Group reduced their target price on Meggitt from GBX 390 ($5.47) to GBX 365 ($5.12) and set an “underperform” rating for the company in a report on Tuesday, April 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 489.90 ($6.88).

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Meggitt Company Profile

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.

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

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