Meggitt plc (LON:MGGT) insider Tony Wood acquired 25 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of GBX 604 ($7.89) per share, with a total value of £151 ($197.31).
Shares of LON:MGGT opened at GBX 612.60 ($8.00) on Friday. The company has a debt-to-equity ratio of 50.39, a current ratio of 1.80 and a quick ratio of 1.01. The business’s 50 day moving average price is GBX 566.05 and its 200-day moving average price is GBX 535.53. The firm has a market capitalization of $4.76 billion and a PE ratio of 26.87. Meggitt plc has a 1 year low of GBX 456.10 ($5.96) and a 1 year high of GBX 615.80 ($8.05).
The company also recently declared a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 5th will be paid a GBX 5.55 ($0.07) dividend. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, September 5th. Meggitt’s dividend payout ratio is presently 0.75%.
A number of research firms have recently commented on MGGT. Deutsche Bank restated a “hold” rating on shares of Meggitt in a research report on Monday, May 13th. Goldman Sachs Group boosted their price objective on Meggitt from GBX 689 ($9.00) to GBX 711 ($9.29) and gave the company a “buy” rating in a research report on Thursday, August 8th. Berenberg Bank boosted their price objective on Meggitt from GBX 610 ($7.97) to GBX 695 ($9.08) and gave the company a “buy” rating in a research report on Monday. Barclays initiated coverage on Meggitt in a research note on Tuesday, May 14th. They issued an “underweight” rating and a GBX 460 ($6.01) price target on the stock. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 630 ($8.23) price target on shares of Meggitt in a research note on Thursday, May 16th. Three research 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. Meggitt presently has an average rating of “Hold” and a consensus target price of GBX 589.10 ($7.70).
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.
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