Meggitt PLC (MGGT.L) 10-01-20
Will shares in Meggitt PLC (MGGT.L) continue to rally, setting new recent highs?
- Now trading at 683p (at time of writing), the price performance has been very strong.
- Will it come to an end, or is this trend your friend?
- Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
- Shares -0% from 12-month highs; +40% from 12 month lows.
09 Jan: Credit Suisse reiterates its underperform rating on Meggitt (MGGT) and increased the target price to 550p (from 485p).
18 Dec: Panmure Gordon today initiates coverage of Meggitt (MGGT) with a sell rating and target price of 506p.
10 Dec: UBS reiterates its sell rating on Meggitt (MGGT) and increased the target price to 530p (from 494p).
20 Nov: Sir Nigel Rudd, Chairman, bought 6,150 shares in the firm on the 19th November 2019 at a price of 631.46p. This Director currently has 150,000 shares.
19 Nov: Philip Green, Executive Director, has transferred in 1,619 shares in the firm on the 19th November 2019 at a price of 374.19p. This Director currently has 635,608 shares.
19 Nov: Meggitt, the components supplier to defence and aerospace, announced that it had won a 6 year contract with Philadelphia, the Defence Logistics Agency.
15 Nov: Goldman Sachs reiterates its buy rating on Meggitt (MGGT) and increased the target price to 736p (from 679p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires