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LON:MGGT - Meggitt Share Price, Forecast & News

GBX 310
+40.10 (+14.86 %)
(As of 03/29/2020 05:41 AM ET)
Today's Range
299.40
Now: GBX 310
330.10
50-Day Range
223.20
MA: GBX 507.64
671.80
52-Week Range
196.15
Now: GBX 310
701.80
Volume3.22 million shs
Average Volume3.38 million shs
Market Capitalization£2.41 billion
P/E Ratio10.95
Dividend Yield7.84%
BetaN/A
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. The Meggitt Aircraft Braking Systems segment offers anti-skid, auto braking, brake-by-wire, and integrated brake metering/anti-skid brake control systems; carbon, rotor, electrically-actuated, and steel brakes; integrated tire pressure indicator systems/brake temperature monitoring systems; and landing gear computers, park/emergency valves, auto spoiler deployment, other braking system hydraulic components, main and nose wheels, and tire pressure monitoring systems. The Meggitt Control Systems segment provides aerospace valves, air-oil separators, and retimet filters; heat exchangers; high pressure ducting and flexible joints; and industrial fuel and bleed air control valves, and ground fueling products, as well as aircraft fire protection and control systems. The Meggitt Polymers & Composites segment offers fuel containments and systems, sealing solutions, and advanced composites for the aerospace, marine, and energy sectors. The Meggitt Sensing Systems segment provides sensing, monitoring, power, and motion systems for the aerospace and defense, energy, industrial, and specialty sectors. The Meggitt Equipment Group segment primarily engages in the non-engine actuation, military, and printed circuit heat exchangers businesses. The company was formerly known as Meggitt Holdings Public Limited Company and changed its name to Meggitt PLC in April 1989. Meggitt PLC was founded in 1947 and is based in Christchurch, the United Kingdom.
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Industry, Sector and Symbol

Industry Aerospace/Defense - Major Diversified
Sub-IndustryN/A
SectorIndustrial Products
CUSIPN/A
CIKN/A
Phone+44-1202-597597

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales£2.28 billion
Cash FlowGBX 27.92 per share
Book ValueGBX 317.20 per share

Profitability

Miscellaneous

Employees11,739
Market Cap£2.41 billion
Next Earnings DateN/A
OptionableNot Optionable

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Meggitt (LON:MGGT) Frequently Asked Questions

How has Meggitt's stock been impacted by COVID-19 (Coronavirus)?

Meggitt's stock was trading at GBX 454.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGGT shares have decreased by 31.7% and is now trading at GBX 310. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meggitt?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meggitt in the last year. There are currently 4 sell ratings, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Meggitt.

How often does Meggitt pay dividends? What is the dividend yield for Meggitt?

Meggitt declared a dividend on Tuesday, February 25th. Investors of record on Thursday, March 19th will be paid a dividend of GBX 11.95 per share on Friday, May 1st. This represents a yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 19th. This is a boost from Meggitt's previous dividend of $5.55. The official announcement can be accessed at this link. View Meggitt's dividend history.

What price target have analysts set for MGGT?

14 Wall Street analysts have issued 1-year target prices for Meggitt's stock. Their forecasts range from GBX 300 to GBX 654. On average, they expect Meggitt's stock price to reach GBX 475.36 in the next twelve months. This suggests a possible upside of 53.3% from the stock's current price. View analysts' price targets for Meggitt.

Has Meggitt been receiving favorable news coverage?

Media stories about MGGT stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meggitt earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutMeggitt.

Who are some of Meggitt's key competitors?

What other stocks do shareholders of Meggitt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meggitt investors own include Meggitt (MEGGF), Rolls-Royce (RR), GlaxoSmithKline (GSK), Aviva (AV), BAE Systems (BA), Barclays (BARC), BP (BP), BT Group - CLASS A (BT.A), Centrica (CNA) and Diageo (DGE).

Who are Meggitt's key executives?

Meggitt's management team includes the following people:
  • Mr. Anthony Wood, CEO & Director
  • Mr. Philip E. Green, Exec. Director of Commercial & Corp. Affairs and Exec. Director (Age 63)
  • Ms. Louisa S. Burdett BSc Hons, ACA, CFO & Exec. Director
  • Mr. Amir Allahverdi, Group Operations Director
  • Prof. Keith Jackson, Chief Technology Officer (Age 58)

What is Meggitt's stock symbol?

Meggitt trades on the London Stock Exchange (LON) under the ticker symbol "MGGT."

How do I buy shares of Meggitt?

Shares of MGGT and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What is Meggitt's stock price today?

One share of MGGT stock can currently be purchased for approximately GBX 310.

How big of a company is Meggitt?

Meggitt has a market capitalization of £2.41 billion and generates £2.28 billion in revenue each year. Meggitt employs 11,739 workers across the globe. View additional information about Meggitt.

What is Meggitt's official website?

The official website for Meggitt is http://www.meggitt.com/.

How can I contact Meggitt?

Meggitt's mailing address is Atlantic House, 3 Aviation Park West, CHRISTCHURCH, BH23 6EW, United Kingdom. The company can be reached via phone at +44-1202-597597.


MarketBeat Community Rating for Meggitt (LON MGGT)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  552 (Vote Outperform)
Underperform Votes:  762 (Vote Underperform)
Total Votes:  1,314
MarketBeat's community ratings are surveys of what our community members think about Meggitt and other stocks. Vote "Outperform" if you believe MGGT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGGT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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