Marina Thomas Buys 31 Shares of Meggitt plc (MGGT) Stock

Meggitt plc (LON:MGGT) insider Marina Thomas acquired 31 shares of Meggitt stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of GBX 541 ($7.07) per share, for a total transaction of £167.71 ($219.14).

Marina Thomas also recently made the following trade(s):

  • On Monday, April 8th, Marina Thomas sold 3,813 shares of Meggitt stock. The shares were sold at an average price of GBX 524 ($6.85), for a total transaction of £19,980.12 ($26,107.57).

Shares of LON MGGT opened at GBX 533.60 ($6.97) on Tuesday. The firm has a market cap of $4.12 billion and a P/E ratio of 23.40. Meggitt plc has a 12-month low of GBX 456.10 ($5.96) and a 12-month high of GBX 583.80 ($7.63). 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 business also recently announced a dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 21st were paid a dividend of GBX 11.35 ($0.15) per share. The ex-dividend date of this dividend was Thursday, March 21st. This is a positive change from Meggitt’s previous dividend of $5.30. This represents a yield of 2.01%. Meggitt’s dividend payout ratio is currently 0.75%.

MGGT has been the topic of a number of analyst reports. Credit Suisse Group upped their price objective on shares of Meggitt from GBX 450 ($5.88) to GBX 465 ($6.08) and gave the company an “underperform” rating in a research note on Wednesday, March 6th. UBS Group reaffirmed a “sell” rating on shares of Meggitt in a research note on Friday, April 26th. Deutsche Bank reaffirmed a “hold” rating on shares of Meggitt in a research note on Monday. HSBC assumed coverage on shares of Meggitt in a research note on Tuesday, February 12th. They set a “buy” rating and a GBX 645 ($8.43) target price on the stock. Finally, Goldman Sachs Group cut their target price on shares of Meggitt from GBX 626 ($8.18) to GBX 585 ($7.64) and set a “neutral” rating on the stock in a research note on Monday, March 11th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 582.38 ($7.61).

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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.

Read More: Price to Earnings Ratio (PE) Basics

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

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