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LON:MGGTMeggitt Share Price, Forecast & News

GBX 262
-2.10 (-0.80 %)
(As of 05/25/2020 07:29 AM ET)
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Today's Range
244.40
Now: GBX 262
266.30
50-Day Range
217
MA: GBX 259.30
299
52-Week Range
196.15
Now: GBX 262
701.80
Volume5.87 million shs
Average Volume3.38 million shs
Market Capitalization£2.05 billion
P/E Ratio9.26
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 3.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


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 20.14 per share
Book ValueGBX 317.20 per share

Profitability

Miscellaneous

Employees11,739
Market Cap£2.05 billion
Next Earnings Date8/5/2020 (Estimated)
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 COVID-19 reached pandemic status according to the World Health Organization. Since then, MGGT stock has decreased by 42.3% and is now trading at GBX 262. View which stocks have been most 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 5 sell ratings, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Meggitt.

When is Meggitt's next earnings date?

Meggitt is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Meggitt.

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

Meggitt declared a dividend on Tuesday, February 25th. Stockholders of record on Thursday, March 19th will be given a dividend of GBX 11.95 per share on Friday, May 1st. This represents a yield of 2.12%. The ex-dividend date is Thursday, March 19th. This is an increase from Meggitt's previous dividend of GBX 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 brokers have issued 12 month price objectives for Meggitt's stock. Their forecasts range from GBX 205 to GBX 510. On average, they expect Meggitt's stock price to reach GBX 357.18 in the next year. This suggests a possible upside of 36.3% from the stock's current price. View analysts' price targets for Meggitt.

Has Meggitt been receiving favorable news coverage?

News stories about MGGT stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meggitt earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. 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), Aviva (AV), Barclays (BARC), BP (BP), GlaxoSmithKline (GSK), Lloyds Banking Group (LLOY), BAE Systems (BA), 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 262.

How big of a company is Meggitt?

Meggitt has a market capitalization of £2.05 billion and generates £2.28 billion in revenue each year. Meggitt employs 11,739 workers across the globe.

What is Meggitt's official website?

The official website for Meggitt is 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.

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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