Insider Buying: Meggitt plc (LON:MGGT) Insider Acquires 3,000 Shares of Stock

Meggitt plc (LON:MGGT) insider Guy Berruyer bought 3,000 shares of Meggitt stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of GBX 497 ($6.49) per share, with a total value of £14,910 ($19,482.56).

Meggitt stock traded down GBX 4.60 ($0.06) on Friday, hitting GBX 511.20 ($6.68). The company’s stock had a trading volume of 1,056,802 shares, compared to its average volume of 3,380,000. The firm has a market capitalization of $3.94 billion and a PE ratio of 22.42. The company has a debt-to-equity ratio of 50.39, a current ratio of 1.80 and a quick ratio of 1.01. Meggitt plc has a one year low of GBX 456.10 ($5.96) and a one year high of GBX 583.80 ($7.63).

MGGT has been the subject of a number of analyst reports. Goldman Sachs Group boosted their price objective on shares of Meggitt from GBX 585 ($7.64) to GBX 599 ($7.83) and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. UBS Group reaffirmed a “sell” rating on shares of Meggitt in a research report on Wednesday, February 27th. Credit Suisse Group boosted their target price on shares of Meggitt from GBX 450 ($5.88) to GBX 465 ($6.08) and gave the stock an “underperform” rating in a research report on Wednesday, March 6th. Deutsche Bank reaffirmed a “hold” rating on shares of Meggitt in a research report on Monday, May 13th. Finally, Barclays began coverage on shares of Meggitt in a research report on Tuesday, May 14th. They set an “underweight” rating and a GBX 460 ($6.01) target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Meggitt presently has an average rating of “Hold” and a consensus price target of GBX 568.70 ($7.43).

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About Meggitt

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

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