Meggitt plc (LON:MGGT) Insider Purchases £126.96 in Stock

Meggitt plc (LON:MGGT) insider Philip Ernest Green purchased 24 shares of the stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of GBX 529 ($6.91) per share, with a total value of £126.96 ($165.90).

Philip Ernest Green also recently made the following trade(s):

  • On Tuesday, June 25th, Philip Ernest Green sold 137,330 shares of Meggitt stock. The stock was sold at an average price of GBX 523 ($6.83), for a total value of £718,235.90 ($938,502.42).

LON:MGGT opened at GBX 543 ($7.10) on Friday. The company has a debt-to-equity ratio of 50.39, a quick ratio of 1.01 and a current ratio of 1.80. The company has a market capitalization of $4.22 billion and a P/E ratio of 23.82. Meggitt plc has a 52-week low of GBX 456.10 ($5.96) and a 52-week high of GBX 583.80 ($7.63). The stock’s 50-day moving average price is GBX 516.10.

A number of research analysts recently issued reports on the company. HSBC downgraded China Mobile from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Deutsche Bank upgraded RDS-A from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Citigroup set a $6.00 price objective on Solid Biosciences and gave the stock a “hold” rating in a report on Thursday, May 16th. Barclays set a $192.00 price objective on Tesla and gave the stock a “sell” rating in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cisco Systems in a report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 575.70 ($7.52).

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.

Further Reading: Capital Gains

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

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